Why 1 Marijuana Company Is Looking Beyond Canada
The cannabis industry hit a series of important milestones recently, but none bigger than Canada's becoming the first Western developed nation to legalize recreational uses of pot. The highly anticipated event had marijuana companies giddy with excitement, while investors drooled over the enticing prospects the Canadian market offered. But one year after the fact, optimism has largely subsided, as cannabis companies have not performed nearly as well as expected.
A series of issues, including a slow rollout of physical stores and a longer-than-expected process for licenses approval, have stymied the progress of even the top players in the industry. Interestingly enough, at least one cannabis company foresaw severe issues in the Canadian market and decided to focus its energy elsewhere. That company is Tilray (NASDAQ: TLRY).
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Source Fool.com
