Here’s the risk for buying TLRY, CGC, MSOS, and SNDL stocks
Cannabis stocks have gone parabolic. Tilray Brands (TLRY) stock jumped by over 39% on Tuesday while Canopy Growth (CGC) soared by over 78%. SNDL soared by over 22% while the AdvisorShares Pure US Cannabis ETF (MSOS) roared back by over 24.8%. Tilray Brands vs MSOS vs SNDL vs Aurora Cannabis US to reclassify cannabisThese stocks jumped after the Biden administration said that it would reclassify cannabis into a less harmful category. That will be a big step for the cannabis industry, which has come under intense pressure in the past few years. Chuck Schumer, the head of the Senate wrote: “It is...