Tilray, Inc. Series 2 Aktie News

Investing in cannabis stocks has yielded abysmal returns for investors in recent years. During the past five years, the S&P 500 has roughly doubled in value.

The slow-walk process that is potential de facto marijuana legalization in this country seemed to take a little step forward on Tuesday. This positively affected certain cannabis stocks based in both the U.S. and Canada, notably Tilray Brands (TLRY 8.54%), which rose more than 8% in price that day.

Tilray stock price has been in a strong bull run in the past few months, making it one of the best-performing companies in Wall Street. TLRY jumped from a low of $0.355 in June and peaked at $1.88 this month.

In case you haven't heard, President Donald Trump just gave his "strongest signal yet that movement on cannabis policy may be imminent" and that the federal government may be ready to finally legalize marijuana use in the U.S.

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Shares of Tilray Brands (TLRY 0.62%) have been hot in recent months. Since the start of July, the stock has soared by around 300%.

Shares of cannabis company Tilray Brands (TLRY 0.93%) rallied some 40% this week through Thursday trading, according to data from S&P Global Market Intelligence.

Is this the year Tilray Brands (TLRY -2.42%) finally starts its comeback? During the past five years, the company has lagged broader equities as the cannabis industry, where it is a leader, continues to fall far short of expectations.