Better Marijuana Stock to Buy Right Now: Tilray or Trulieve?
Trulieve's price has soared this year, while Tilray's has plummeted, but which is the better stock right now?
Better Marijuana Stock to Buy Right Now: Tilray or Trulieve?
Overview
Trulieve (OTC: TCNNF) last week saidthat it had received approval to list on the New York Stock Exchange (NYSE), making it the first U.S. cannabis company to be listed on a major exchange. It began trading on the NYSE under the ticker TRUL on June 10.
Its uplisting was made possible by the U.S. rescheduling of medical marijuana from a Schedule I to a Schedule III substance -- meaning it may have some medical benefits -- in April. After rescheduling, Trulieve made moves to consolidate its operations to consist solely of state-licensed medical marijuana facilities.
Details
The move is huge for the U.S. cannabis industry, but Canadian companies, such as Tilray (NASDAQ: TLRY), were already listed on U.S. major exchanges. Now that Trulieve and Tilray compete head-to-head on major exchanges, which is the better cannabis stock?
Source
Originally published at www.fool.com.
