5 Reasons Canopy Growth Still Isn't a Buy
At one point early in 2019, there wasn't a hotter industry on the planet than cannabis. Canada had recently lifted the curtain on a decades-long marijuana prohibition, and there was hope that numerous states in the U.S. would consider legalizing recreational or medical pot. After generating $10.9 billion in worldwide legal sales in 2018, it looks like a sure thing that the pot industry would be bringing in at least $50 billion annually by 2030.
But over the past 13-plus months, the wheels have decisively fallen off the wagon. Between regulatory issues in Canada that have adversely affected supply, high taxes rates in the U.S. that have made it difficult for retailers to compete with black-market growers, and minimal access to nontraditional financing for all North American pot stocks, the marijuana industry has been a disaster.
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Source Fool.com
