Will Canopy Growth Still Be a Top Cannabis Stock in 5 Years?
Canopy Growth (NASDAQ: CGC) has struggled to grow its business over the years while also trying to improve its prospects for profitability. Despite its challenges, there's no doubt this remains one of the most iconic stocks in the cannabis industry today.
Investors only need to look at the stock anytime there's excitement around the prospects for marijuana legislative reform or legalization in the U.S., and its soaring share price, to know that it's often a go-to stock for those who are bullish on the industry's long-term prospects.
But will that trend continue over the next five years? Will Canopy Growth still attract the attention of cannabis-focused investors, or will other stocks take over? Here's a look at where the business may be in five years, and whether there's a case to be made for investing in the struggling pot stock right now.
Source Fool.com
