Tilray CEO Sees Growth Ahead for Cannabis Industry

The CEO of Tilray discusses the challenges and opportunities in the cannabis industry, emphasizing the need for realistic market expectations and long-term growth. He highlights the industry's responsibility for past hype and the importance of new leadership focused on sustainable growth. Tilray's strategic position is outlined, with a focus on mature markets in Canada and the US, and potential growth in Europe. The discussion also covers the US market's importance and the potential for federal legalization, noting bipartisan support and key states to watch.

What is the current state of the cannabis market according to Brendan Kennedy?

• The market is stable with no significant changes.

• The market is facing challenges with declining share prices.

• The market is thriving with high share prices.

• The market is shrinking with no future opportunities.

How does the cannabis industry view its past expectations?

• The industry believes expectations were realistic.

• The industry feels expectations were underestimated.

• The industry acknowledges the expectations were overly optimistic.

• The industry thinks expectations were irrelevant.

What strategic role does Brendan Kennedy play at Tilray?

• He focuses on short-term profits.

• He is responsible for taking the company public on the US exchange.

• He manages the day-to-day operations in Canada.

• He oversees the marketing department.

Which countries are mentioned as having potential for cannabis legalization?

• Germany, France, and the UK

• India, Pakistan, and Bangladesh

• Brazil, Argentina, and Chile

• China, Japan, and South Korea

What is the significance of the US market for the cannabis industry?

• It is insignificant compared to other markets.

• It is crucial due to the potential for federal legalization.

• It is already fully legalized and stable.

• It is only important for medicinal cannabis.

What is the stance of most US political candidates on cannabis legalization?

• They are against any form of legalization.

• They support medical cannabis but not adult use.

• They are generally supportive of cannabis legalization.

• They have no clear stance on the issue.

What is expected to drive federal legalization in the US?

• International pressure from legalized countries.

• The States Act and safe banking measures.

• Ballot initiatives in traditionally conservative states.

• A majority vote in the House of Representatives.