Weed Companies Are Making More Money Selling Beer Than Cannabis.

Tilray Brands Inc., a cannabis company, is turning to the alcohol market to generate revenue while waiting for the US to ease restrictions on cannabis sales. In the last fiscal quarter, Tilray made more money from alcohol sales than from cannabis sales. Other cannabis companies are also diversifying their businesses, including selling hemp-based products. While there is optimism that the US government will change its stance on marijuana, industry veterans are cautious and are taking steps to future-proof their businesses. Some investors are skeptical of the strategy, but analysts are optimistic about the industry's revival. [Extracted from the article]

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