The Cannabis Market is Looking Up, Even if Cannabis Stocks Aren’t

Almost exactly a year ago, a small Canadian cannabis company was generating a lot of buzz (sorry, couldn’t resist the pun). Despite trifling quarterly revenue of US$9.7 million, Tilray Inc.’s (TLRY:UN) market capitalization got so high (sorry again, I’ll stop) that it briefly eclipsed that of major companies people have actually heard of, such as American Airlines Group Inc. (AAL:US). The boom quickly faded — not surprising, given how senseless it looked even in the…

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Author: Sarah Halzack, Bloomberg Opinion
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