Got $1,000 in Cash? Here's the Top Pot Stock to Buy Now
Weed giant Canopy Growth (NYSE: CGC) was on the verge of achieving a leading position in the Canadian cannabis industry when the COVID-19 pandemic struck, forcing many of its retail stores to close. As a result, its stock plummeted, falling by 18% since the beginning of the year, compared to the S&P 500's gain of 4%.
As the U.S. and Canadian economies reopen, however, it turns out the impact on Canopy Growth's bottom line may be far less than what investors had imagined. In the first quarter of 2021, the company continued its streak of revenue growth and managed to narrow its operating losses. For these reasons, let's look at why Canopy Growth is the top pot stock to buy now.
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Source Fool.com
