Why The Time To Invest In U.S. Cannabis Even though this is US Tilray has to be considered. Going long!
In Ingrassia’s view, several potential catalysts could drive significant growth in the cannabis industry. The rescheduling proposal by President Biden, the potential passage of the SAFER Banking Act and increased M&A activity as regulations ease are all poised to create a more favorable environment for cannabis companies. Additionally, further state-level legalization, particularly in states like Florida, Hawaii, New Hampshire and Pennsylvania will continue to expand the market.
Therefore, Ingrassia advises investors to consider the long-term opportunity in the cannabis sector. Despite the current frustrations and challenges, the industry is poised for substantial growth, making it a potentially lucrative investment for those willing to look beyond the present volatility.
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