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Is Tilray Stock a Buy Now?

TheMotleyFool

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Is Tilray Stock a Buy Now?: https://g.foolcdn.com/editorial/images/753502/person-working-in-a-cannabis-dispensary.jpg

The cannabis industry has been making headlines lately. Several positive developments in the U.S. could turbocharge the sector. These include a bill in Congress that could grant pot companies easier access to traditional banking services, and the U.S. Drug Enforcement Administration considering easing regulatory restrictions around marijuana's use.

While pot stocks have been a significant disappointment in the past few years, these events are helping rekindle interest in the sector. And one of the best stocks to consider investing in is Tilray (NASDAQ: TLRY). Can this company deliver excellent returns from here on out? Let's find out.