Tilray stock: marijuana legalization is only the beginning

With cannabis legalization being discussed at the federal level, Tilray has the potential to skyrocket. Here's what the future could hold for Tilray.

annabis stocks have had an intense week. The U.S. House of Representatives has begun floor consideration of a bill to legalize cannabis at the federal level. On April 1, the full chamber is expected to vote on it.

Members of the House will have the opportunity to debate the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, which would decriminalize marijuana, remove it from the scheduled substances list, and impose excise taxes on sales. The act was approved on March 30 by the House Rules Committee.