Tilray Stock Drops After Cannabis Reclassification

Tilrays stock plummeted by nine percent following the U.S. governments decision to reclassify cannabis, a move that had been widely anticipated and had previously driven up stock prices. The volatile nature of Tilrays shares, which have experienced numerous significant movements in the past year, was evident as investors cashed in their profits after the initial surge. This incident underscores the rapid market reactions to news, even when its been largely foreseen, and the inherent market fluctuations that come with policy changes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.