10 Best Alcohol Stocks to Buy NowTilray has a lot of reasons to being a $5 stock. Going long with tilray's diversification! Tilray Brands, Inc. (NASDAQ:TLRY) is one of the best alcohol stocks to buy according to hedge funds. The craft beer and cannabis company that was among the first to be licensed for medical cannabis in Canada announced last year that it had agreed to acquire eight beer and beverage brands from Anheuser-Busch InBev for an undisclosed amount. 10 Best Alcohol Stocks to Buy Now - Insider Monkey “In the U.S., Tilray has multiple options and, in particular, is well positioned to benefit from the federal legalization of medical cannabis as a result of rescheduling. Yes, we believe that the rescheduling of cannabis from Schedule I to Schedule III in the U.S. would provide a path for Tilray to sell pharmaceutical grade medical cannabis in the U.S. subject to doctor prescriptions.
This is a different strategy from what MSOs are doing today. We believe there’s an opportunity to supply medical cannabis products from our existing operations into the U.S. for medical purposes. Further in the event of a future federal adult-use and medical cannabis legalization in the U.S., we believe Tilray is well positioned to immediately leverage its strong global leadership position, know-how and strategic strengths across operations, distribution and brands to sell THC infused products across its robust distribution network and sales channels in the U.S.”