The cannabis industry has been a monumental disappointment. When adult-use marijuana was legalized in Canada in 2018, hopes soared that pot stocks would explode. But their collective performance thus far has looked more like a wet firecracker.
Tilray (NASDAQ: TLRY) has been no different. But it remains one of the largest cannabis companies in Canada, and if there is a turnaround in the industry, Tilray could be one of the biggest beneficiaries. Is that enough to make the stock a buy? Let's find out.
Thanks to a series of acquisitions, Tilray now holds the No. 1 market share in the Canadian cannabis industry. But things haven't been easy in the country since 2018. Despite legalization, there remained challenges that significantly disrupted the operations of cannabis companies.
Source Fool.com