The cannabis industry continues to grow quickly. However, many marijuana stocks are trading at high multiples. With this in mind, today I’ll analyze Sundial (SNDL) and Tilray (NASDAQ:TLRY) to determine which is the better cannabis bet right now.The cannabis industry is growing quickly. In 2020, the global cannabis market was estimated to be valued at $20.5 billion and it’s expected to reach $90.4 billion by 2026.
However, given the increase in competition and negative profit margins of most marijuana producers, it's important to identify companies with leadership positions that have the potential to derive outsized gains.
Sundial (SNDL) and Tilray (TLRY) are two Canadian cannabis companies that have been extremely volatile this past year. Let’s see which stock is a better buy right now.