Reported 3 months ago
Tilray CEO Irwin Simon discussed the implications of potentially reclassifying marijuana from Schedule I to Schedule III, noting President Biden's support for this change. He emphasized that while cannabis use is legal in many states, federal prohibition means the government misses out on significant tax revenue—potentially $10 billion annually—similar to tax income generated in Canada. Simon highlighted the growing cannabis consumption among younger generations and the opportunity for the U.S. to benefit financially from legalization.
Source: YAHOO