Tilray Brands (NASDAQ: TLRY) chairman and CEO Irwin D. Simon says his company is set to capitalize on possible cannabis legalization in the U.S. and anticipates creating beer infused with cannabis if/when it becomes legal.
Simon has long been optimistic about legalization in the U.S. and what it would mean for what he calls his $4 billion aspirational goal. “My aspirations are built on legalization in the United States,” he told Benzinga in 2021.
Things Are Finally Moving In That Direction: Tilray Is Prepared
In early August, Tilray acquired eight beer and beverage brands from Anheuser-Busch (NYSE: BUD), making the company the 5th largest craft beer business in the U.S., up from 9th – not a bad spot to be in.
“I’m buying these brands too because I think there’s a …