It's Been 2 Years Since Canopy Growth's CEO Made This Bold Prediction
A big reason investors are bullish on Canopy Growth (NASDAQ: CGC) are its prospects for growth in the U.S. once the market opens up. The company has been wheeling and dealing over the years in preparation for when the U.S. legalizes marijuana and lets in Canopy Growth and other Canadian cannabis companies.
But sometimes that excitement can lead to overly optimistic expectations and forecasts. It is now two years since Canopy Growth Chief Executive Officer David Klein made this prediction: "We're pretty confident we'll be operating in the U.S. a year from now."
There was significant hope that after Joe Biden was elected president in 2020 and with the Democrats in power, that nationwide legalization would follow. And there was even more bullishness after runoff election results in Georgia indicated that the Democrats would control both the House and Senate.
Source Fool.com
