Tilray stock responded as you’d expect, surging 17% in morning trading, but other marijuana stocks are responding positively as well.
And Europe may be a bigger part of this story than many investors yet think — for Tilray, but also for Canopy, Aurora, and HEXO, too — because the market there “is now picking up,” notes Jefferies.
And in Alabama, a 20-9 state Senate vote in favor of legalizing medical marijuana was just followed up by a 68-34 House vote in favor — and that bill is now off to the governor for signing.
The way things are going at the state level, it seems inevitable that marijuana will eventually become legal at the federal level as well — throughout the United States, but not only in the United States.