Could Canopy Growth Be a Millionaire-Maker Stock?
Cannabis stocks sound like a great way to make a buck. After all, marijuana is an in-demand product in an expanding multinational industry that has plenty of room to innovate, and there's no single company that has enough power to box out the other competitors from a share of the profit. Plus, we're still in the market's formational days, during which the major players will make their names and investors who choose wisely will make millions.
But for all its merits, Canopy Growth (NASDAQ: CGC) isn't the explosive grower investors crave. Even with its enviable 15.5% share of the Canadian cannabis market, its Martha Stewart CBD brand in the U.S., and an interesting knack for producing marijuana-infused beverages, the company isn't about to take shareholders to the moon.
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Source Fool.com
