Where Will Canopy Growth Stock Be in 3 Years?
Canopy Growth (NASDAQ: CGC) is one of the top cannabis companies in the Nasdaq Composite. Unfortunately, that's not enough to suggest that it's a safe investment -- or that it's profitable, or that its returns have even been good. Down a whopping 98% in five years, it has been an absolutely dreadful investment.
The company has been working on slashing costs as it looks to improve its financials, but it won't be an easy road ahead. One thing that might make it appealing to growth investors is if the U.S. marijuana market opens up.
Below, I'll look at the prospects for legalization along with where Canopy Growth may be three years from now, and whether it's worth taking a chance on this beaten-down pot stock.
Source Fool.com
