Here comes the cannabis producer Tilray... (TLRY)

pulse

November 13, 2018 9:43 PM

The cannabis producer Tilray is set to its first earnings report as a publicly traded US company.

A Tilray worker tends to cannabis plants.

The cannabis producer in July became the first pot company to float an initial public offering in the US.

The cannabis producer Tilray

he so-called "green rush" in the stock market can be traced back to the middle of August when the beverage maker Constellation Brands announced a $4 billion investment in the cannabis producer Canopy Growth. In September, Coca-Cola reportedly held talks with Aurora Cannabis to develop beverages infused with the nonpsychoactive compound CBD.

And in October, Canada became the second country after Uruguay to legalize marijuana for recreational use. And last week, Michigan joined nine other US states and Washington, DC, in legalizing the drug for anyone over the age of 21. So far, 33 states and Washington, DC, allow medical marijuana.

President Donald Trump was considering other marijuana opponents to fill the position.

Tilray was up 340% since going public in July.

Now read:

The cannabis producer Tilray is going bananas after Jeff Sessions resigns as attorney general
Weed stocks are rallying after Michigan legalizes marijuana for recreational use
ANALYST: These are the next 4 states to legalize marijuana

null BusinessInsider

pulse

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng