Canopy Growth and Constellation Brands Say Cannabis Will Be a $200B+ Industry
Top executives at hot cannabis company Canopy Growth Corp. (CGC) and its blue-chip partner Constellation Brands (STZ) say legal-weed products will eventually be at least a $200 billion segment -- and could even disrupt $500 billion of businesses across multiple sectors.
Good article about the future of the cannabis industry. The numbers that are being thrown around about the potential size of the market are mind boggling. I've invested in some of the stocks, especially the Canadian ones, and plan to invest more if an opportunity arises. The market is so young that people are having a hard time valuing these companies, wild price swings are common. It's not an investment for the faint of heart, lol.
Read the full story here...
https://www.thestreet.com/investing/canopy-growth-and-constellation-brands-say-cannabis-will-be-a-200-billion-dollar-industry-14743772
Cronos is down from a high of C$19.80 to the present price of C$12.80, probably a buy for the long term....
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