Marijuana stocks experienced some buying following the midterm elections, in which Maryland and Missouri voted to legalize recreational cannabis. That’s after 19 other states, plus Washington, D.C. and two U.S. territories already legalized recreational pot.
While there’s no guarantee that federal pot legalization will come to the U.S. anytime soon, the operating climate for pot companies has improved in the country.
One of my favorite marijuana stocks is Tilray Inc (NASDAQ:TLRY). The company is based in Canada but has exposure to the massive U.S. marijuana market, along with ventures in Europe, Australia, New Zealand, Latin America, and other regions.
Why Tilray Inc Is Compelling for Contrarian Investors
This post originally appeared at Profit Confidential.