Tilray Stock Attempts Bullish Break As Seasonal And Political Catalysts Approach

advocates and stakeholders such as the Justice Coalition and National Cannabis Industry Association have bombarded U.S. senators with feedback on a bill for the federal legalization of cannabis.

Although President Joe Biden has been slower than many may have hoped to address cannabis reform, pressure seems to be mounting to end prohibition.

With bullish seasonality approaching the cannabis sector, a political move forward could give a much-added boost to many of the individual companies in the space such as Tilray Inc (NASDAQ: TLRY).

The Tilray Chart: Tilray’s stock has been trading in a downtrend since June 9, making fairly consistent lower highs and lower lows. The downtrend slowed on 27 when the stock hit a bottom at …

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