The cannabis industry appears to have lost steam in recent years. The industry's enthusiasm is low because there has been little progress toward federal legalization. However, the industry as a whole is rapidly expanding. Marijuana is becoming legal in an increasing number of U.S. states and countries.

Multi-state retailer Cresco Labs (OTC: CRLBF) did not expand as rapidly as its competitors. Yet, it is now one of the top five cannabis companies in the U.S. in terms of trailing-12-month revenue. However, industry headwinds appear to be weighing on this marijuana grower. Let's look at the Illinois-based company's most recent results to see whether it's a good buy right now.

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Source Fool.com