TLRY - 3 Canadian Marijuana Stocks With a Significant European Presence
At this time one year ago, cannabis stocks were seated high on the mountain top overlooking nearly all other industries and sectors. The marijuana industry simply couldn't be stopped, with Canada becoming the first industrialized country in the world to legalize recreational pot on Oct. 17, 2018.
But my how the tables have turned.
A year later, a number of brand-name marijuana stocks are at or near multiyear lows, with Canadian pot stocks leading the charge lower. A plethora of challenges, including a backlog of cultivation and sales licenses with regulatory agency Health Canada and a very slow rollout of licensed dispensary at the provincial level in places like Ontario and Quebec, have led to significant legal supply shortages in our neighbor to the north. While fixable, these supply constraints are liable to persist for many quarters to come.