The Nasdaq stock exchange blazed a new trail in July when Canadian cannabis company Tilray (TLRY) became the first marijuana-related company to IPO in the U.S. When the stock went public, it was at $17. By August, it had doubled, reaching into the mid-$30s. On September 19, though, TLRY shares saw a wild day in trade, jumping 93% to a high of $300/sh, then dropping quickly to trade in the red, getting halted five times and pulling back to close in positive territory at $214 a share. The stock has since tested lows of under $100 per share though it climbed back to the $140/sh levels at the time of this writing.
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