Tilray Sees Losses Because Good Marijuana Is Hard to Find

Bill Alpert - finance.yahoo.com Posted 5 years ago

After (TLRY) reported $43 million in 2018 marijuana sales, CEO Brendan Kennedy told conference call listeners Monday night it has been hard to find good weed. Over the next 18 months, he went on, Canada’s recreational pot market will slip to an oversupply, as has become the case in U.S. states like Washington and Oregon, where burgeoning production caught up with demand in the second year after legalization—and prices fell. Marijuana Stocks Are on a Roll.

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