If You Invested $100,000 in Canopy Growth When Canada Legalized Marijuana, This Is How Much You'd Have Right Now

It has been more than three years since Canada legalized recreational marijuana on Oct. 17, 2018. The road has been a bumpy one for the industry as supply issues and rising competition have made it challenging for cannabis companies in the country to grow their sales or post a profit.

The industry leader three years ago was cannabis producer Canopy Growth (NASDAQ: CGC), but it's clear it isn't in that place right now as rival Tilray generates more in revenue. A lot has changed since legalization took place, and if you were to bet that legalization would have been the opportune time to invest in Canopy Growth, you would be sorely disappointed.

Image source: Getty Images.

Source Fool.com