Why Tilray Stock Plummeted by 42% in 2024

Any investor hoping to reap the rewards by holding marijuana companies must be a shiny-eyed optimist at this point. Weed companies are among the worst performers on the stock exchange since they are constantly barraged by headwinds in North America. At the very least, they have to contend with heavy competition, punitive levels of taxation, and (in the case of the U.S.) patchy, inconsistent legalization.One of the larger players on the pot market is Tilray Brands (TLRY), and its difficult 2024 mirrored the ...