Why Tilray Stock Is Down More Than 20% This Week

Howard Smith, The Motley Fool
·2 min read
Why Tilray Stock Is Down More Than 20% This Week

The initial spike in Tilray and other cannabis stocks came after reports surfaced that Senate Majority Leader Chuck Schumer hoped to pass two cannabis reform bills before the holiday break. Top Republicans, however, managed to prevent the marijuana reform provisions from being attached to the version that was finalized Tuesday night. Federal banking laws keep Canadian marijuana companies like Tilray from doing business even in U.S. states that have legalized pot.

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