Why Investors Were Fired Up About Tilray Stock Today

Group 1 - The U.S. stock market showed interest in Tilray Brands, with shares rising by 5%, outperforming the S&P 500 index which increased by 0.4% [1] - Stock prices of marijuana companies like Tilray often react positively to medical testing results or movements towards legalization [2] - A study from researchers at the University of Georgia and University of Colorado indicated that states with lenient cannabis laws saw a significant reduction in opioid prescriptions, with an average decline of 16% and some states reaching 22% [3][4] Group 2 - The findings from the study support the argument for cannabis as a beneficial treatment, which could encourage politicians to reform federal laws prohibiting it, potentially improving the fortunes of Tilray and the cannabis industry [5] - New research suggests that legalized cannabis could replace harmful opioids, strengthening the case for its de facto legalization [6] - The Motley Fool Stock Advisor analyst team has identified 10 stocks they believe are better investment options than Tilray Brands [7]