Why Tilray Stock Is Trading Lower Today
Portfolio Pulse from Ryan Gustafson
Shares of Tilray Brands, Inc. (NASDAQ:TLRY) are trading lower, pulling back after a recent surge in cannabis stocks. This surge was due to the Department of Health and Human Services (HHS) proposing to move marijuana from Schedule I to Schedule III under the Controlled Substances Act. However, cannabis stocks, including Tilray, pulled back on Wednesday.
September 06, 2023 | 7:27 pm
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Tilray's stock is trading lower after a recent surge in cannabis stocks. This surge was due to the HHS's proposal to reclassify marijuana, but stocks pulled back on Wednesday.
The recent surge in cannabis stocks, including Tilray, was due to the HHS's proposal to reclassify marijuana. However, these stocks pulled back on Wednesday, leading to a decrease in Tilray's stock price.
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