They're probably just going to buy federally legal hemp assets that are not subject to 280e and fit perfectly their US strategy of beverages.
The rescheduling announcement confirmed nothing is changing with what the DEA considers hemp. I believe it also clarified that synthetic cannabinoids like Delta 8 are not included. This should clear up a lot of the confusion surrounding the legality of the hemp market.I feel like the exchange should have no issue with companies operating in a federally legal hemp market, but we'll have to see.
Schedule 3 announcement changed several things:
They needed Delta 8 clarified. This has explicitly been stated as a reason Canadian companies have stayed out of the US. Go listen to OGI interviews from early 2023. They needed to know that schedule 3 wasn't changing anything about what is considered hemp. Now we know "low dose" products are staying as legal products. They needed their distributors to know these same 2 things. Hemp is federally legal. If you're only selling low dose hemp edibles or beverages you aren't even considered "plant touching" in the way we use the term.
"With the appropriate approvals, we're also looking to introduce hemp-based delta-9- beverages and products with our Happy Flower brand and across other wellness brands in the U.S."
"Moving forward, the team continues to assess the opportunity to bring hemp derivative delta-9 beverages to market under Happy Flower and Tilray brands."
"The other thing is depending -- and I think one of the biggest opportunities, and we're seeing, you know, some opportunities with delta-9, which is infused drinks with hemp-infused THC. I think the biggest opportunity is in drinks.
https://www.fool.com/earnings/call-transcripts/2024/04/09/tilray-brands-tlry-q3-2024-earnings-call-transcrip/
Copied from TLRY reddit