Cannabis stocks have not performed well over the past five years, to say the very least. However, with some recent positive regulatory developments in the U.S., and given that these stocks have been largely forgotten by investors, they could potentially soar over the long run, provided the marijuana market grows significantly.
Tilray Brands (NASDAQ: TLRY) and Canopy Growth (NASDAQ: CGC) are two of the biggest players in this niche. Which one is more likely to turn average investors into millionaires? Let’s find out.
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Canopy Growth is a leading player in the Canadian cannabis market with a deep portfolio of products, including dried cannabis flower, vapes, edibles, and more. It also has a presence across several countries, including through a subsidiary in the U.S.
With President Donald Trump recently signing an executive order to make cannabis a Schedule III substance, Canopy Growth could see some opportunities for expansion in the U.S.
And its financial results have improved, especially on the bottom line. During its 2026 third quarter, ending on Dec. 31, net revenue came in at $54.62 million, down about 0.3% compared to the year-ago period. The company’s net loss per share of $0.13 was much better than the $0.81 loss reported in the year-ago quarter.
If Canopy Growth can seize the potentially huge opportunities in the U.S. to boost its net income while continuing to narrow its losses, the stock could deliver strong returns from here on out.
Tilray Brands also has a deep portfolio of cannabis products and a presence in many countries, including the U.S., Germany, and Portugal. It has broadened its operations and is now one of the largest craft brewers in the U.S., while offering a portfolio of hemp-based products. This diversification is a strength.
Its financial results also…
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