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Barchart
Barchart
Ruchi Gupta

Is Tilray Stock a Buy on Positive Cannabis Data?

Tilray Cannabis Tilray Brands Distribution TLRY

Cannabis stocks are in focus today, with most of the action centered around U.S.-based multi-state operators (MSOs) after reports suggested that President-elect Donald Trump may look to deschedule marijuana as part of a broader deregulation agenda. 

Tilray Brands (TLRY) also closed higher, with the global distributor and medical cannabis pioneer rising more than 5% on the day.

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