E Should You Invest In Medical Cannabis Stock Tilray?

Today, due to several years of promising cannabis-based products and the recent speculation surrounding the potential of nationwide cannabis legalization, the industry has blossomed into one of the most exciting places to invest.

person holding white flower during sunset

Image Source: Unsplash

The unique, as well as niche market, is divided into a few defined segments but overall presents an untapped opportunity to investors, especially regarding cannabinoids (CBDs) which contain tangible medical benefits. While many players are competing in this space, only a few companies have focused on cosmetics products – bearing a deeper look into the pharmaceutical properties of cannabinoids.

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Currently, one of the most popular cannabis stocks right now is Tilray (TLRY), an American incorporated company with its headquarters in Nanaimo, Canada, is one of the top medical marijuana stocks to trade in 2021. Last year, the company launched a new brand of medicinal cannabis products called “Symbios”; the brand will include flowers, pre-rolled cigarettes, and cosmetic oils.

Due to the contemporary “meme stock craze”, interest in Tilray’s shares peaked. Earlier in the year, the biotech company’s stock price spiked to trade above $60.00 per share before pulling back to the present price of about $13.88. The company is directly investing in several sectors of the cannabis industry, building a well-diversified product line.

Looking to the future, Tilray’s management team is exploring innovative opportunities for CBD-infused drinks and other edibles in order to disrupt the soft drink market as well as the food industry. The company’s ventures could begin to attract more interest after Amazon became the latest retail giant to endorse the legalization of marijuana nationwide. Amazon, America’s second-largest private employer after Walmart said it will no longer test job-seekers for cannabis use.

In the past few years, more and more individuals and now companies have begun pushing cannabis products closer to federal legalization in the United States. Today, the legalization of marijuana receives support from Fortune 500 companies like Amazon, bettering the industry at large. If the current trend continues, Tilray will become one of the top cannabis stocks benefiting from the increased endorsement of the legalization of marijuana in the US.

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Disclosure: The material appearing on this article is based on data and information from sources I believe to be accurate and reliable. However, the material is not guaranteed as to accuracy nor does ...

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Wendell Brown 1 month ago Member's comment

There really isn't any genuine analysis here...

William K. 1 month ago Member's comment

This is presuming that neither Biden nor Trump somehow turn against pot completely. Rational thinking seems to be missing.