In recent years, Canadian cannabis companies have struggled to achieve profitability. Ontario-based cannabis grower Canopy Growth (NASDAQ: CGC) is no exception.

Cannabis has been fully legal in Canada for several years. However, the market is saturated, with fierce competition, little growth and tight regulations. Canopy Growth reported a somewhat positive quarter despite these circumstances. Let's dig deeper to see if it makes this marijuana stock a good investment right now.

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Source Fool.com