This is likely to go down as the greatest year on record for the marijuana industry. Since the green flag waved on 2018, Canada legalized recreational marijuana, two additional states approved medical cannabis in the U.S. (with Michigan becoming the 10th to OK recreational pot), the U.S. Food and Drug Administration gave the thumbs-up to a cannabis-derived drug, and multiple pot stocks have uplisted to reputable U.S. exchanges.
Perhaps no marijuana stock to have moved from the over-the-counter exchange to a major U.S. exchange is better known than Canopy Growth Corp. (NYSE:CGC). Canopy is currently the largest marijuana stock by market cap and, as such, is viewed as a trendsetter for the industry.
Everything you need to know about Canopy Growth’s quarterly results
Canopy also just happened to report its much-anticipated second-quarter operating results this past Wednesday, November 14. While most folks were focused purely