What's Going On With Tilray Brands Stock Monday?

Tilray Brands, Inc. TLRY stock is trading higher on Monday, along with other shares in the cannabis sector, following a report suggesting that Vice President Kamala Harris wants to legalize marijuana.

What To Know: Harris said in an interview on the All the Smoke podcast that, “I just think we have come to a point where we have to understand that we need to legalize it and stop criminalizing this behavior.”

Harris also stated that, “I just feel strongly, people should not be going to jail for smoking weed. And we know historically what that has meant and who has gone to jail."

The episode of the podcast was released Monday. Its hosts are former NBA players Matt Barnes and Stephen Jackson. Other stocks in the cannabis sector that are moving higher following Harris’s comments, include Aurora Cannabis Inc. ACB and Canopy Growth Corporation CGC

How To Buy Tilray Brands Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Tilray Brands TLRY's case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Related Link: GOP Senator Leads Bipartisan Effort To Seal Low-Level Marijuana Possession Records, Providing ‘Second Chance’

TLRY Price Action: At the time of writing, Tilray shares are trading 2.59% higher at $1.78, according to data from Benzinga Pro.

Image: Photo by noexcusesradio via Pixabay