1 Stock to Avoid After the Election Results

The outcome of elections can shape policies and decisions for years to come, and it's no exception in the U.S. Following Donald Trump's election as the 47th president of the United States and Republicans gaining control of the Senate and the House of Representatives, some companies and industries could potentially benefit from the change in administration at the national level. Others, not so much. One industry that potentially stands to lose is the cannabis market. And as one of the leaders in this space, Tilray Brands' (NASDAQ: TLRY) prospects could take a hit.

The cannabis industry has faced significant challenges since Canada legalized recreational use of marijuana in 2018, from fierce competition to stringent rules to operate in the sector. Companies in this space have, by and large, performed terribly. Tilray is no different. The company's revenue and earnings -- or lack thereof -- have been inconsistent at best.

TLRY Revenue (Quarterly) data by YCharts.