--- title: "Tilray CEO Irwin Simon: 2024 Election Likely To Drive U.S. Cannabis Legalization, No Matter Who Wins" description: Tilray CEO Irwin Simon predicts that the 2024 U.S. presidential election could lead to regulatory reforms benefiting the cannabis industry. image: https://420intel.com/hubfs/AdobeStock_810775987.jpg --- [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) ### Press ESC to close [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) # Tilray CEO Irwin Simon: 2024 Election Likely To Drive U.S. Cannabis Legalization, No Matter Who Wins - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) - 11 October 2024 ## Tilray CEO Irwin Simon predicts that the 2024 U.S. presidential election could lead to regulatory reforms benefiting the cannabis industry. As the 2024 presidential elections draw nearer,** Irwin Simon**, CEO of **Tilray Brands Inc** TLRY, foresees a turning point for the cannabis industry, regardless of the election’s outcome. Speaking alongside Tilray's fiscal 2025 first-quarter earnings report, Simon expressed optimism that either candidate could pave the way for regulatory reforms that would benefit the cannabis market in the United States, Investopedia reported.   "We believe that there is a greater likelihood that the upcoming U.S. presidential elections will result in improved regulatory changes in the cannabis industry, as both candidates have publicly confirmed their support for further legalization," Simon said. ### **Tilray's Financial Snapshot** Tilray, a Canadian company that has expanded its footprint into Europe, Australia, Latin America and the U.S., reported promising financial results for its first quarter of fiscal 2025. The company saw a 13% year-over-year increase in revenue, reaching $200 million. Its net loss narrowed to $34.7 million, a marked improvement from the $55.9 million loss reported the previous year.   ### **Candidates’ Shifting Stances On Cannabis** Vice President **Kamala Harris** has long been vocal about her support for marijuana reform. In a recent interview on the "All the Smoke" podcast, Harris reiterated her stance, stating: "I just feel strongly people should not be going to jail for smoking weed. And we know historically what that has meant and who has gone to jail." Former Republican President **Donald Trump** has shifted his position on cannabis. Recently, he [expressed support for a Florida amendment](https://www.benzinga.com/markets/cannabis/24/09/40774795/trump-says-hell-reschedule-cannabis-if-elected-backs-marijuana-banking-reform-and-floridas-amend) that seeks to legalize recreational marijuana. This marks a significant departure from his administration's previous approach, where then-Attorney General **Jeff Sessions** rescinded the Cole Memorandum, a policy that had protected state-level cannabis programs from federal interference.  [by Franca Quarneti](https://www.benzinga.com/markets/cannabis/24/10/41284165/tilray-ceo-irwin-simon-2024-election-likely-to-drive-u-s-cannabis-legalization-no-matter-who-win)   **For more Cannabis News like this, circle back to **[**420intel.com**](https://420intel.com/)**!** ### [**420 Intel News**](https://420intel.com/content/about-us)** | **[**420 Advertising**](https://420intel.com/contact/advertising_opportunities)** | **[**Cannabis Business News**](https://420intel.com/articles/marijuana-business-news)** | **[**Medical Marijuana News**](https://420intel.com/articles/medical-cannabis-news)** | **[**Recreational Marijuana News**](https://420intel.com/articles/recreational-marijuana-news) [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) ![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=200&height=200&name=Buzz-No%20Outline-2.png) #### [Buzz](https://420intel.com/blog/author/buzz) At 420 Intel, we cover cannabis legalization news throughout the world, offer reliable information for cannabis business owners, detail technological advances that impact the marijuana industry, cover marijuana rallies from across the globe, and everything in between. - - - [Recreational Cannabis News](https://420intel.com/blog/tag/recreational-cannabis-news) [![$120M Illegal Cannabis Bust in Central Valley](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/The%20image%20depicts%20a%20large%20outdoor%20cannabis%20cultivation%20site%20sprawling%20across%20a%20sunlit%20arid%20landscape%20of%20Californias%20Central%20Valley%20The%20foreground%20features%20rows%20of%20lush%20green%20cannabis%20plants%20densely%20packed%20and%20reaching%20heights%20of%20several%20feet%20In%20the%20b-1.jpeg?width=550&height=395&name=The%20image%20depicts%20a%20large%20outdoor%20cannabis%20cultivation%20site%20sprawling%20across%20a%20sunlit%20arid%20landscape%20of%20Californias%20Central%20Valley%20The%20foreground%20features%20rows%20of%20lush%20green%20cannabis%20plants%20densely%20packed%20and%20reaching%20heights%20of%20several%20feet%20In%20the%20b-1.jpeg)](https://420intel.com/blog/120m-illegal-cannabis-bust-in-central-valley) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 21 May 2025 #### [$120M Illegal Cannabis Bust in Central Valley](https://420intel.com/blog/120m-illegal-cannabis-bust-in-central-valley) In a sweeping crackdown on illegal cannabis operations, California has made one of its largest... [Cannabis Laws](https://420intel.com/blog/tag/cannabis-laws) [![Siskiyou Sheriff Challenges State on Cannabis Help](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/The%20image%20showcases%20a%20rugged%20landscape%20of%20Siskiyou%20County%20California%20under%20a%20bright%20blue%20sky%20dotted%20with%20a%20few%20fluffy%20white%20clouds%20In%20the%20foreground%20a%20sheriffs%20vehicle%20is%20parked%20on%20the%20side%20of%20a%20dirt%20road%20its%20lights%20flashing%20red%20and%20blue%20casting%20a%20st.jpeg?width=550&height=395&name=The%20image%20showcases%20a%20rugged%20landscape%20of%20Siskiyou%20County%20California%20under%20a%20bright%20blue%20sky%20dotted%20with%20a%20few%20fluffy%20white%20clouds%20In%20the%20foreground%20a%20sheriffs%20vehicle%20is%20parked%20on%20the%20side%20of%20a%20dirt%20road%20its%20lights%20flashing%20red%20and%20blue%20casting%20a%20st.jpeg)](https://420intel.com/blog/siskiyou-sheriff-challenges-state-on-cannabis-help) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 8 May 2025 #### [Siskiyou Sheriff Challenges State on Cannabis Help](https://420intel.com/blog/siskiyou-sheriff-challenges-state-on-cannabis-help) SISKIYOU COUNTY, Calif. — Siskiyou County Sheriff LaRue has expressed frustration over what he... [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Cannabis Company TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan](https://420intel.com/hs-fs/hubfs/AdobeStock_371005338.jpg?width=550&height=395&name=AdobeStock_371005338.jpg)](https://420intel.com/blog/cannabis-company-terrascend-secures-second-and-final-26m-loan-reduces-debt-in-michigan) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 2 October 2024 #### [Cannabis Company TerrAscend Secures Second And Final $26M Loan, Reduces Debt In Michigan](https://420intel.com/blog/cannabis-company-terrascend-secures-second-and-final-26m-loan-reduces-debt-in-michigan) ## TerrAscend Corp. cannabis company announced that it has completed the second and final draw of $26... - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/420intel) - [Follow us on Twitter](https://twitter.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) Back to Top ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Buzz", "url" : "https://420intel.com/blog/author/buzz" }, "dateModified" : "2024-10-15T13:47:22.658Z", "datePublished" : "2024-10-11T04:45:00.000Z", "headline" : "Tilray CEO Irwin Simon: 2024 Election Likely To Drive U.S. Cannabis Legalization, No Matter Who Wins", "image" : [ "https://420intel.com/hubfs/AdobeStock_810775987.jpg" ], "mainEntityOfPage" : { "@id" : "https://420intel.com/blog/tilray-ceo-irwin-simon-2024-election-likely-to-drive-u.s.-cannabis-legalization-no-matter-who-wins", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://420intel.com/hubfs/Asset%2016.png" }, "name" : "420 Intel" } } ```