"Cannabis in US is a $100 billion opportunity"

Tilray CEO Irwin Simon believes the legalization of cannabis at the federal level will provide major business opportunities in the United States.

In a recent interview with Yahoo Finance Live, Simon predicted that the opportunity would be upward of $100 billion.

"If you look at cannabis today in the U.S., 93% of Americans want medical cannabis legalized, and about 63%, 65% want adult use," he said. "Today it's legal in about 33 states, plus D.C. So, it's out there that that majority of people want cannabis to be available legally."

Simon stressed that the opportunities could be extended to cannabis-adjacent products like food, personal care items, and drinks. 

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