US Vice President Kamala Harris Backs Federal Marijuana Legalization

Tuesday, 19 March 2024, 00:09

U.S. Vice President Kamala Harris publicly expressed support for legalizing cannabis on a federal level, causing Tilray stock to surge by 11%. Harris's call to reschedule marijuana and legalize it marks a significant shift that could impact the industry and investors. With Tilray heavily reliant on the cannabis market, the potential for federal legalization in the U.S. has stirred positive investor sentiment.
https://store.livarava.com/d6e5518c-e585-11ee-9680-5254a2021b2b.jpe
US Vice President Kamala Harris Backs Federal Marijuana Legalization

Kamala Harris Favors Legalizing Cannabis

During a closed-door meeting, U.S. Vice President Kamala Harris voiced her support for legalizing marijuana on a federal level, urging to reschedule it from its current status as a Schedule I drug.

What's Next for Tilray Investors?

As a major player in the cannabis market, Tilray stands to benefit from potential federal legalization in the U.S., with around 35% of its revenue coming from cannabis products. The company's international expansion efforts position it to capitalize on growing market opportunities.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe