Tilray Brands, Inc. to Announce Third Quarter Fiscal 2023 Financial Results on April 10, 2023
Monday, 27 March 2023, 22:15:00
NEW YORK and LEAMINGTON, Ontario , March 27, 2023 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced that the Company will release financial results for its third
— Tilray Inc
The 7 Best Cannabis Stocks to Buy for Long-Term Growth
Monday, 27 March 2023, 22:11:49
As the winds of change sweep across the U.S., the once-taboo cannabis sector is steadily gaining traction. With increasing acceptance from both regulators and consumers, the marijuana sphere has the potential to inject robust long-term growth into your investment portfolio — especially with this list of the best cannabis stocks to own. 2022 was an incredibly challenging year for the sector, marred by inflation, overproduction, and capital constraints, resulting in plummeting stock prices. Moreover, ongoing discussions over federal legalization and piecemeal state-level changes have affected the sector’s volatility. Nevertheless, 37 states have legalized marijuana for medicinal use, while 21 have approved recreational use . Research firm MarketsandMarkets estimates that the global cannabis market was valued at $22.5 billion in 2021, potentially skyrocketing to $82.3 billion by 2027 at a CAGR of 24.3% from 2022 to 2026. The industry is at the epicenter of a worldwide legalization whirlwind, presenting an enticing long-term prospect for forward-looking investors.
7 Cannabis Stocks That Can Make You a Millionaire as Legalization Spreads
Thursday, 23 March 2023, 15:05:24
Cannabis stocks could see higher highs with several key catalysts. For one, just last year, President Biden lit a massive fuse for the cannabis industry. In fact, he took executive action to change U.S. policy on the drug, pardoning all prior federal offenses of simple cannabis possession. Biden also asked federal officials to start a review process of how marijuana is “scheduled” or classified under federal law. Two, more U.S. states legalized its use. Three, according to Pew Research, nearly 91% of Americans want to see legalization. Even better, according to Tilray CEO Irwin Simon, as quoted by Yahoo Finance : “The US is $100 billion opportunity in cannabis. If you look at cannabis today in the US, 93% of Americans want medical cannabis legalized and about 63%, 65% want adult use. Today, it’s legal in about 33 states, plus DC. So, it’s out there that everybody– well, not everybody, but a majority of people want cannabis legally.” Four, we’re starting to see legalization or potential legalization worldwide, including in Mexico, Canada, and Germany, which could ignite a legalization boom throughout Europe.
Where Will Tilray Brands Be in 5 Years?
Thursday, 23 March 2023, 10:59:00
Is it worth buying the stock and hanging on until at least 2028?
— The Motley Fool
Why Are Cannabis Stocks TLRY, SNDL, OGI and ACB Up Today?
Tuesday, 21 March 2023, 21:45:00
Source: Shutterstock It has been a while since we’ve talked about cannabis stocks , but they’re popping up on investors’ radars on Tuesday. This group rallied rather nicely on the day. More specifically, Tilray (NASDAQ: TLRY ) stock closed up 7% today. Meanwhile, Aurora Cannabis (NASDAQ: ACB ) closed up 9%, SNDL (NASDAQ: SNDL ) up 8% and Canopy Growth (NASDAQ: CGC ) up about 6% on Tuesday. Finally, Organigram (NASDAQ: OGI ) closed up by 9%. These stocks are trending on hopes that Congress can give the cannabis group another lift. That’s as Republican Senator Steve Daines, who is co-sponsor of a marijuana banking bill , “urged a group of bankers on Tuesday to lobby for the passage of cannabis banking reforms at Capitol Hill.” The Secure and Fair Enforcement Banking Act — or SAFE Banking Act– would allow the marijuana industry to use the U.S. financial system. Currently, many of these companies struggle with banking options, given that marijuana is legal in many states but not legal on the federal level.
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