By 420 Intel on Thursday, 18 August 2022
Category: Business & Finance

Investing in cannabis is Becoming a Real Deal

Cannabis is becoming a hot commodity on the stock market.

Recently, Tilray Brands' CEO Irwin Simon, who leads a company that is among the largest cannabis brands on the planet, and one publicly traded on NASDAQ, said he thinks cannabis can become a seriously profitable industry within the United States.

"The U.S. is a $100 billion opportunity in cannabis," Simon told Yahoo Finance.

"If you look at cannabis today in the U.S., 93 percent of Americans want medical cannabis legalized and about 63-65 percent want adult use. Today, it's legal in about 33 states, plus D.C."

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