Why Tilray, Canopy Growth, and Aurora Cannabis All Spiked Today

·2 min read

Canadian cannabis stocks soared Monday morning, with Tilray Brands (NASDAQ: TLRY), Canopy Growth (NASDAQ: CGC), and Aurora Cannabis (NASDAQ: ACB) spiking between 11% and 17% in earlier trading. As of 1:50 p.m. ET, Tilray remained up 6.3%, while Canopy Growth and Aurora were 16.5% and 7.1% higher, respectively. The jumps come as there continues to be hope for some level of marijuana legalization legislation making it through the U.S. Senate this year.