Tilray (TLRY) had a smoking hot week. 

The cannabis company saw its stock skyrocket 31% on its first day of trading on the Nasdaq Composite Thursday. Strength continued on Friday amid optimism Tilray would move quickly to capitalize on the surging cannabis industry. 

For Tilray's CEO Brendan Kennedy, the successful IPO represents validation for the risk he took eight years ago to shift careers. Kennedy went from working at a venture capital bank in San Francisco to getting involved with a tech company exploring the cannabis industry to leading the charge at Tilray.

"You only see an opportunity like that once in a lifetime [an industry moving to legalization]," Kennedy told TheStreet. "As soon as I saw it, I knew I had to be involved." 

Be sure to receive Real Money's 'WeedStreet' weekly column, it keeps investors current on how to play the red-hot cannabis space.

 

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