Will German Legalization Spark Turnaround? Germany is moving closer to national legalization of adult-use cannabis. Tilray initiated policy discussions with German regulators to create legislation for recreational use of cannabis.
German Drug Commissioner Burkhard Blienert presented the proposal to the German government, with a draft of the bill expected to be presented in upcoming months. Tilray has offered its experience and expertise on research, product quality, supply management and education to be the trusted partner with the German government.
Germany's adult-use cannabis market is an estimated $12.6 billion. Cantor Fitzgerald analyst Pablo Zuanic said Tilray and Aurora Cannabis (ACB) rank as the best-positioned companies to benefit from the potential market among the pot stocks he covers. Fitzgerald has a neutral rating on TLRY stock.
Tilray and Aurora both have production facilities in Germany for medical-use cannabis.
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