Tilray, Aurora Cannabis sales jump after Canada legalizes recreational marijuana

Cannabis producers Tilray Inc and Aurora Cannabis Inc on Tuesday reported a surge in quarterly revenue, boosted by increased demand following the legalization of recreational cannabis in Canada. Canada has become the first industrialized nation to legalize recreational use of cannabis, in an effort to keep pot out of the hands of underage users and defeat the black market. Tilray said total kilogram equivalents of cannabis sold in its first quarter ended March 31 rose more than twofold to 3,012 kg.

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