At the start of the year, following Joe Biden’s presidential win and the Dems taking control of the Senate, hopes were high that marijuana reform at the federal level was just around the corner. Accordingly, investors took the developments as a sign to load up on shares of Canadian cannabis stocks - favorable U.S. legislation would provide companies from north of the border with a way into the far more lucrative U.S. market. But progress has stalled, and at the same time, the fight over market share and pricing pressure in the Canadian cannabis industry remains. In the meantime, investors have headed to the exit gates.
https://www.tipranks.com/news/article/canopy-growth-favorable-risk-reward-merits-an-upgrade
Canopy Growth (NYSE:CGC)
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Canopy Growth (NYSE:CGC)
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From Jul 2020 to Jul 2021 Click Here for more Canopy Growth Charts.