Tilray Brands (TLRY) Climbs 8% Ahead of Cannabis, CBD Policy Decision

We recently published 10 Hot Stocks Sparking Buying Frenzy. Tilray Brands Inc. (NASDAQ:TLRY) is one of the best performers on Tuesday.

Tilray Brands Inc. (NASDAQ:TLRY) grew its share prices by 8.23 percent on Tuesday to finish at $1.71 apiece as investors repositioned portfolios ahead of an expected decision from President Donald Trump on the legalization of cannabis and Cannabidiol (CBD) products.

With a positive decision expected in the coming weeks, investors are already pouring funds into cannabis product manufacturers, Tilray Brands Inc. (NASDAQ:TLRY), Canopy Growth, Cronos Group, and Aurora Cannabis.

Tilray Brands (TLRY) Climbs 8% Ahead of Cannabis, CBD Policy Decision

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It can be recalled that Trump earlier posted a three-minute video on his social media account promoting the use of cannabis and CBD for medical use, which investors took as a cue for the US government’s looming legalization of the substance.

According to the video, the CBD oil is able to revolutionize senior healthcare and reduce medical costs in the US by $64 billion.

While we acknowledge the risk and potential of TLRY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TLRY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.