Tilray Brands Inc TLRY

American Cannabis Update

[DaveInCalgary]

Huge news

HHS reclassifying Cannabis from schedule 1 to schedule 3!!!!

TLRY could hit 10 bucks in 90 days!!!

[davgro]

Don't get too excited yet.  The actual story is.... "After completing a scientific review into cannabis under a directive from President Joe Biden last year, HHS is now telling the Drug Enforcement Administration (DEA) that it believes marijuana should be placed in Schedule III of the Controlled Substances Act, Bloomberg first reported. The recommendation is not binding, and DEA has

[CaneIsAbel]

Spikes like these are thought to hold I agree. Regardless it's a start. You are right through the DEA is known to fight hard against any drug reform. It's there budget bread and butter. Tilray still way undervalued 

[CaneIsAbel]

Correction* tough to hold 

[davgro]

Typical cannabis sector over-reacting to political news out of the US.  Share price spike was in part due to shorts rushing to cover.  Now that cooler heads have prevailed the stock prices are dropping back from their highs of today. True direction of poy share prices will be decided once this news matures and comments are heard from DEA representatives with respect to the HHS

[CaneIsAbel]

Have to agree with you on this.  We will need additional news if we're to maintain any kind of momentum. I also strongly agree the DEA isn't quick to reschedule a major drug. It's all politics budgets and jobs. You're being realistic I appreciate that. 

[CaneIsAbel]

You ain't lying Dave. We very are headed to double north regardless what the DES does. If this does parlay into action by congress to pass safe and dea reschedules or maybe Biden can do one good thing in office and decriminlize all together. We will be double digits. I think we can get there on domestic growth, EU, Australia legalization and Canadian excise taxes being cut regardless of what

[CaneIsAbel]

Correction lol. We very well are headed north Tilray brands SP