Ahead of Merger, Tilray and Aphria CEOs Are Optimistic About Cannabis Legalization

Since President Joe Biden won the White House and voters in five states passed marijuana reforms in November, optimism about the future of the U.S. cannabis industry has been growing. The Horizons Marijuana Life Sciences ETF is up by around 100% since Nov. 3 -- and that's even after it fell a bit in recent weeks.

Many cannabis executives are bullish that legalization in the U.S. could be right around the corner. Among them are the heads of the two companies preparing for the industry's latest mega-merger: Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY). Are they feeling too optimistic, or could the industry's watershed moment be on the not-so-distant horizon?

Image source: Getty Images.

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Source Fool.com