In recent months, many cannabis stocks have come back into focus among investors due to rising optimism about the prospects of the sector. One such stock is that of Tilray Inc (NASDAQ:TLRY), which is one of the biggest operators in the industry and its impending merger with Aphria has also brought the stock into the limelight.
If the merger is completed, it will create the biggest cannabis firm in the world. However, at the same time, it is necessary to point out that the Tilray stock is pretty expensive.
In addition to that, there are certain stiff challenges that the industry will need to negotiate going forward. In such a situation, experts believe that investors might want to be on the sidelines with regard to the Tilray stock at this point in time.
That being said, it is also necessary to point out that in 2020, marijuana sales in the United States hit a record of $17.5 billion, and hence, things might change quite dramatically in the long term.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.