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The potential federal legalization could lead to a massive sales increase for TLRY, similar to historical booms seen in the cannabis market post-regulatory changes. For example, when Canada legalized recreational cannabis, companies like Tilray saw substantial stock price increases.
What happened, with direct paths to the underlying reporting
Cannabis stocks surged after Trump's rescheduling consideration. Tilray Brands' stock rose 27.54% on heightened investor optimism. Trading volume reached 525% above average, indicating strong market interest. Easing regulations and taxes could significantly impact cannabis industry growth.
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