Seed to stem business license12/30/2023 ![]() While this expansion opens up new avenues for revenue, the true advantage for Tilray lies in its logistical triumph. Craft beer is a hot commodity, and product sales surged at a rate eight times higher than the industry average in 2021. This strategy pushed the cannabis company to the status of the fifth-largest US craft brewer. In August, Tilray solidified its presence in the craft brewing sector by acquiring eight brands from Anheuser-Busch (NYSE: BUD). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tilray Brands (TLRY) These seven stocks have the current strength to wait for full legalization while offering diversified access to cannabis’ big picture. Instead of betting the farm on a handful of producers, distributors or dispensaries, look to cannabis stocks covering a wider spectrum of direct and peripheral sectors. At the same time (since cannabis is a weed, after all), at-home enthusiasts are likely to grow their own, rather than pay steep pricing at the local dispensary.īut cannabis stocks aren’t a losing proposition. When legalization happens, big-name companies like beer and tobacco (and even pharmaceuticals) will likely push small competitors downward. Second, cannabis companies face stiff competition from both ends of the spectrum. High-tech growing costs, marketing, packaging and endless taxation make squeezing profit from products difficult. First, margins are abysmally tight on the products. Small companies, particularly those fighting for equity in public markets and charged with generating shareholder value, have the cards stacked against them. ![]() But if you’re banking on cannabis legalization to reinvigorate a weed-based portfolio, think again. Already, lawmakers and legislatures are calling for that scenario on the heels of ongoing scheduling reform. It’s clear that, eventually, full-scale marijuana legalization is inevitable. But that doesn’t mean it’s a dead – or dying – industry.
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