Why Tilray, Aphria, and Aurora Cannabis Stocks Are Lighting Up Today

1 min read

Good news for cannabis investors: Sometime within the next couple of years, marijuana is going to be legal across all of America — or so says the CEO of Tilray (NASDAQ: TLRY).

As CNBC reported yesterday after close of trading, with marijuana already legal in Canada, and moving toward legality in Mexico, “pressure from the North and the South will ultimately lead the U.S. to implement a federal program here at some point in the next 18 to 24 months,” Tilray CEO Brendan Kennedy said.  

Marijuana stocks are lighting up on the news, with shares of Tilray up 6.3% as of 11:15 a.m. EST, its soon-to-be-merger partner Aphria (NASDAQ: APHA) rising 2.5%, and rival Aurora Cannabis (NYSE: ACB) gaining 3.9%, and I think that makes a lot of sense.

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