RE:RE:RE:RE:Senators Say Legal Sales Likely Won’t Happen Until Rescheduling is a much better scenario for Tilray imo
This will allow them time to set up shop for eventual federal legslization in the US
Many don't realize the difference between a schedule 3 drug at the federal level and what is being sold as medical cannabis at the state level by MSOs
Getting an in-state cannabis license to go buy cannabis from a retail dispensary is not the same as prescription medication. A retail dispensary is not a pharmacy
Most of these MSO companies are not GMP in medical and are heavily involved in recreational sales anyway. They aren't going to be able to partner with legit pharma / medical companies like Tilray, who is completely set up to import immediately at a lower cost and also runs a legitimate legal US business already. Pharma / medical companies will be coming to Tilray and institutional investment will increase. Tilray is going after a different market Tilray can also expand their medical cannabis operations into the US as they run a legit US business not selling rec weed.