Canopy Growth (TSX:WEED) Stock: $0 or $100?

Industries across the board continue to suffer thanks to the COVID-19 pandemic. It seems no industry immune to the financial devastation it can cause, including the cannabis industry. Despite the increase in demand and sales of cannabis while people stay home, that hasn’t fixed the problem cannabis suppliers like Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) continue to have: a means of supplying that…

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Canopy Growth (TSX:WEED) Stock: Is the End Near?

If there’s one industry that has been incredibly frustrating for investors of late, it’s the cannabis industry. Canopy Growth (TSX:WEED)(NYSE:CGC) in particular used to be the darling of the industry, but that has all changed. WEED stock plummeted from all-time highs back in October 2018 after legalization. Since then, WEED stock has struggled to get anywhere near those highs again. Then, the…

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Coronavirus Market Meltdown: Buy Canopy Growth Stock for Defensive Pot Status

Speculations on whether the cannabis industry is a defensive, non-cyclical consumer staple producer with resilient sales that remain strong during economic recessions will settle when financial results for the first calendar quarter of 2020 start creeping in. Until then, should cannabis investors consider industry leader Canopy Growth’s (TSX:WEED)(NYSE:CGC) stock a defensive play during the ongoing coronavirus-induced economic meltdown? Canopy Growth…

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3 Growth Stocks Ready to Double in 2020

If you want to double your money in 2020, this is your chance. For the upcoming year, Canada has some of the most promising growth stocks on the market. They’re not without risk, but the upside potential is clear. Each stock listed below has already proven an ability to double in value. If you look at the fundamentals, there’s reason…

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E-Cigarette Statistics Show Why Cannabis Stocks Are Just Getting Started

E-cigarettes are currently roiled in controversy, albeit sales growth remains positive. Looking back, it’s amazing how quickly this industry emerged. In 2013, the global vaping market was worth just $4 billion. This year, it’s expected to approach $20 billion, which represents 500% growth in just six years. By 2023, Euromonitor International expects the market size to surpass $45 billion. Given…

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These Pot Stocks Have the Most Cash

The cannabis industry is in turmoil. Since 2019, many marijuana ETFs are down more than 50%. Making matters worse, cannabis pricing is in a free fall. This shouldn’t come as a surprise. At the start of the year, I stressed that no one is paying attention to the number one risk in the pot industry: commoditization. Consider Washington State. In…

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1 Cannabis Stock That Could Still Make You Rich

There are many cannabis companies out there going through a pretty significant setback at the moment. While some cannabis companies are posting their first profits, others are posting more and more losses. While I’m a believer that if you’re investing in a larger company, these are merely growing pains, there are still a few cannabis companies out there that offer…

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2 High Risk, High Reward Marijuana Stocks

The cannabis industry has been a roller coaster. Last year, several pot stocks doubled, tripled, and even quadrupled in value. Billions in market value accrued in a matter of months. Countless millionaires were minted. This year has been a different story, however. Both large and small, marijuana stocks have struggled. Some well-respected companies have seen their share prices slashed in…

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Can the Next Phase of Cannabis Legalization Create More Millionaires?

Predicting whether or not the cannabis industry will have another boom like the ones seen in the last few years is a difficult task. Knowing which stocks would benefit if it did boom is much easier. As Canada’s recreational cannabis industry continues to evolve, and as the government gets set to introduce the next phase of legalization, there are certain…

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3 Cannabis Companies Have Now Had Their Licenses Suspended by Health Canada This Year

It’s getting close to the one-year mark for the cannabis industry, and we’ve already seen multiple companies run into issues with Health Canada. Earlier this year, we even saw a cannabis company be the first to get its licence revoked. And yesterday, we learned that CannTrust Holdings (TSX:TRST)(NYSE:CTST) would also have its licence to produce and sell both medical and recreational…

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