Tilray (TLRY.US) stock jumped more than 4% after New York authorities passed a bill to approve the recreational use of marijuana by adults. Gov. Andrew Cuomo signed the bill today. Under new legislation, adults who turn 21 may legally possess 3 ounces of marijuana. Residents will now be able to grow marijuana at home, however some conditions will apply. New York became the 15th state in the U.S. which will allow recreational marijuana use.
Tilray (TLRY.US) stock launched today's session higher and broke above the 50 SMA (green line) and upper limit of the triangle pattern. However buyers failed to uphold momentum and stock erased most of today's gains. However, as long as the price sits above the 50 SMA, price may continue to rise. On the other hand, if break below occurs, then downward impulse towards support at $20.65 could be launched. Source: xStation5
USA Rare Earth Acquires Key Brazilian Rare Earth Metal Mines ⛏️
US OPEN: Return of geopolitical concerns hits markets 💥
New Player in Google’s Ecosystem? Marvell Triggers Market Reaction
Will Wall Street reach new record high?🗽Highlights from S&P 500 earnings season
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
