Curaleaf Holdings Inc T.CURA

Medical Cannabis Explosion Just Got Real

[blackspade799]

The global cannabis trifecta has hit! The United States has finally rescheduled cannabis, moving it to Schedule III; the Department of Health and Human Services (HHS) and Food and Drug Administration (FDA) have released a report deeming cannabis a safe medicine; and Germany has removed the narcotics derivation from cannabis, making it easy to prescribe. 

We are entering an era of global regulatory change and a medical cannabis explosion that can only be likened to the early days of U.S. and Canadian legalization back in 2014. This time, the most influential economies — the U.S. and Germany — and a significant health regulatory agency —  the FDA — have put an official stamp on cannabis as a medicine.

https://www.benzinga.com/markets/cannabis/24/04/38531008/the-medical-cannabis-explosion-just-got-real

[Oldweed]

So Irwin Simon on BNN this afternoon was touting that Tilray will now be able to sell medical cannabis in the USA. Anyone have  thoughts on this? Will Tilray be able to take market share away from the MSOs? With the 280e tax break for MSOs, I can't see how Tilray will be able to compete in the USA while still losing money at home. Apparently Irwin says the distribution network of his

[blackspade799]

Can they take market share away from MSO's who are making Billions in Rev and will now be getting millions from the 280E Taxes?  No chance! Canadian LPs can not sell to the U.S. If they do, they will have to de-list from the NASDAQ. As they said in the BNN interview. The 280E tax break will be massive for the U.S. MSOs. Plus NY, Ohio, and Florida opening up will be massive for CURA and

[Oldweed]

Yep, Irwin all but resigned to the fact that medical is their only play to enter the US now. Even then he said he would have to confirm that, as the rules are not written yet. Even then, medical represents 25% of the market in Canada so even if they could sell medical in the US the retail market would still belong to the MSOs, so they could squeeze Tilray out with price compression. Top 5 MSOs