Canopy Growth (TSX:WEED) Stock Was Down 30% in 2019: Here’s Why it Can Rebound in 2020

The entire cannabis market in Canada has been rough since recreational legalization commenced in the fall of 2018. A number of issues have affected and slowed the rollout of the industry, such as regulations, political uncertainty a competing black market, lengthy licensing processes, etc. The market has even been so competitive that some companies have even crossed the line in…

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Bank of America (NYSE:BAC) Says This Cannabis Stock Is Now a Buy

Bank of America analysts haven’t always been bullish on cannabis stocks, but due to the recent industry-wide decline, they’re jumping in. On November 20, the firm upgraded shares of Canopy Growth (TSX:WEED)(NYSE:CGC) to “buy,” noting that consensus estimates are finally “achievable (even beatable).” A big part of the upgrade was valuation. Since April, Canopy shares have lost two-thirds of their…

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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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Two Cannabis Penny Stocks to Consider Buying

Some cannabis companies have already made a few lucky investors rich. For instance, Canopy Growth Corp (TSX:WEED)(NYSE:CGC) was worth just a couple of dollars in early 2016, but the firm’s shares are now worth about $35 (at writing). You aren’t likely to find such returns in many places on equity markets, or anywhere else for that matter. There are currently…

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2 Great Cannabis Stocks for New Investors

Two interconnected cannabis stocks are currently hot investments. But which stock should new investors buy for capitals gains? Let’s take a quick look at Canopy Growth (TSX:WEED)(NYSE:CGC) and spin-off company Canopy Rivers (TSX:RIV) to see which one belongs in a starter Canadian cannabis stock portfolio today. The future “Coca Cola” of cannabis? Canopy Growth is still one of the major…

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Could This Canopy Growth (TSX:WEED) Spin-Off Be a Great Buy?

Canopy Growth is the largest marijuana company in the world by market cap. The firm dominates the Canadian market and racks up revenues that outperform that of any of its peers. Canopy Growth may be one of the better investment options for those looking to profit from the marijuana craze, but one of the firm’s subsidiaries, namely Canopy Rivers (TSXV:RIV),…

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