With the increasing possibility of federal legalization in the United States, cannabis stocks have been in the limelight. One cannabis company that looks attractive from a long-term investment perspective is Tilray (TLRY). Recently, the company closed a merger agreement with Aphria, creating the largest cannabis company by revenue. It seems that Tilray is well-positioned for sustained growth in the coming years. Let’s talk about the positive growth triggers. Looking at the industry outlook, a MarketsAndMarkets report estimated that the legal cannabis market was valued at $20.5 billion in FY2020. The industry size is expected to swell to $90.4 billion by FY2026.
https://www.tipranks.com/news/article/tilray-looks-attractive-after-completion-of-merger-with-aphria
Tilray (NASDAQ:TLRY)
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Tilray (NASDAQ:TLRY)
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From Sep 2020 to Sep 2021 Click Here for more Tilray Charts.