What’s Going On With Tilray Stock Today?
Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading higher on Tuesday.
Shares of the medical and recreational cannabis producer traded higher Tuesday as President Donald Trump recently said his administration is considering reclassifying cannabis as a “less dangerous” drug and will decide on its legal status in the coming weeks, reports Al Jazeera.
Reclassification may ease federal restrictions, reducing punitive taxes, enabling broader research and banking access, and widening U.S. distribution opportunities for Tilray.
Meanwhile, Tilray is …