HomeBusinessHealthcareReasons Why Pot Stock Prices Can’t Get High
Reasons Why Pot Stock Prices Can’t Get High

Tilray Brands Inc (TLRY) is todays under 30 stock. In this segment Jenny Horne and Alex Coffey discuss Tilray Brands Inc (TLRY) which is a global pharmaceutical, cannabis/lifestyle company. Jenny and George Tsillis discuss possible reasons pot stock interest is waning and George said that while the market for legalized marijuana is growing, so too is competition. George mentions Tilray’s (TLRY) recent agreement to buy up to $211 million of rival HEXO's (HEXO) debt. Alex asks George about other companies doing different things like Beyond Meat (BYND) and online sports betting (DFKG) and George explained the unique legalization hurdles those private label brands face. George specifically talks about how the lack of standardization in cannabis production could be a factor in the serial decline of stock pot prices. He explains that standardization is important because it improves scalability and gives pricing power.

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