Canopy Growth Stock Suffers Another Blow

For years, investors have viewed Canopy Growth (NASDAQ: CGC) as a leader in the cannabis industry. The Canadian-based marijuana producer has been aggressive in acquisitions and its attempts in trying to expand into the U.S. market. Unfortunately, in recent years, the company has struggled to generate growth, and with the U.S. still unlikely to legalize marijuana in the near future, investors have lost hope in Canopy Growth.

The stock has crashed and, unfortunately, investors shouldn't expect things to improve anytime soon.

Earlier this month, the S Dow Jones Indices announced it will remove the cannabis company from the S/TSX Composite Index prior to June 19. The index is made up of the top stocks on the Toronto Stock Exchange (TSX), representing about 70% of the exchange's market cap. 

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Source Fool.com