Light on the end of tunnel Should You Follow Cramer's Advice?
Cramer's recommendation on Tilray makes sense, especially considering recent events regarding the cannabis industry.
The main catalyst for Tilray — as well as cannabis stocks in general — is federal legalization. With Democratic control in the Senate, hopes that legalization would finally take place have been high since last year.
President Biden's move to pardon pot offenders, while a small step for the cannabis industry, showed that cannabis-related agendas are actively being debated at the federal level.
The odds of legalization have never been as high as they are today.