We recently published 10 Hot Stocks Sparking Buying Frenzy. Tilray Brands Inc. is one of the best performers on Tuesday.
Tilray Brands Inc. 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., Canopy Growth, Cronos Group, and Aurora Cannabis.
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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.
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This article is originally published at Insider Monkey.
