Why Shares of Cannabis Producer Tilray Have Gotten Very, Very High—and Why Investors Think They Could Crash

The stock of cannabis producer Tilray skyrocketed Wednesday, after the founder’s appearance on Jim Cramer’s Mad Money and news of a U.S. clinical trial. How high? Very, very high.

Tilray’s stock briefly touched $300 yesterday, with its market cap at $14.4 billion. Trading had to be halted five times throughout the day because it was so volatile. The company had announced Tuesday it got the green light from the Drug Enforcement Agency to import medical marijuana for testing in


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