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TLRY
Benzinga
2 days

Tilray Stock Rises As Study Links Medical Cannabis To Lower Opioid Use

1. TLRY shares rose 5% following cannabis reduction in opioid prescriptions. 2. Cannabis legalization correlated with 16% decline in opioid prescriptions per study. 3. Greater reductions noted for specific groups, enhancing TLRY's growth potential. 4. The stock shows strong momentum, ranking 93.42 according to Benzinga Edge. 5. Trading significantly above moving averages indicates positive technical momentum.

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FAQ

Why Bullish?

The study’s findings suggest a growing market for cannabis, benefiting TLRY historically. Like past increases driven by legalization news, this can support lasting price gains.

How important is it?

The study's results could expand cannabis markets, potentially increasing TLRY's sales and margins significantly. It enhances cannabis' medical viability, aligning with TLRY’s product offerings.

Why Short Term?

Immediate market reactions to cannabis studies can lead to quick price movements, as seen in previous cannabis legalization announcements.

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