Here's Why Tilray Brands' CEO Is Optimistic Marijuana Legalization Will Happen Under the Trump Administration

For many pot stocks, their share prices can often rise or fall rapidly depending on the outlook for marijuana legalization in the U.S. That's because there is significant growth potential in the industry, but a lot depends on whether there is progress on legalization both in more states permitting access and overall federal legalization.One stock that normally sees significant gains when there's talk about the possibility of marijuana legalization or any type of reform is Canada-based Tilray Brands (NASDAQ: TLRY). Over the years, it has branched out into alcohol to be less dependent on just cannabis for growth. And its Chief Executive Officer Irwin Simon says he believes that under the incoming Republican administration, marijuana legalization could happen.When Donald Trump won the U.S. election in November, pot stocks almost instantly crashed. The AdvisorShares Pure US Cannabis ETF has lost close to half of its value since Nov. 5, as many investors saw news of a Republican government taking over as bad news for the industry, given that the party typically takes a hard stance on drugs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool