Canopy Growth Stock Is the Best Way to Play the Marijuana Boom, Analyst Says

Canopy Growth

stock (CGC) is rising on Friday, thanks to an upbeat note from Piper Jaffray, which sees the industry ramping up in the years to come and favoring larger-scale operators like the Canadian cannabis firm.

The back story. Marijuana stocks have seen plenty of volatility amid ongoing supply shortages, but many have notched big gains as investors—including institutions, consumer-staples giants, and retailers—flock to the industry and create markets in offshoots like CBD oil (which is extracted from the cannabis plant’s flowers).

Canopy Growth stock, which has jumped nearly 60% year to date, has gained

... read more at: https://www.barrons.com/articles/canopy-growth-is-the-best-way-to-play-the-marijuana-boom-analyst-says-51555078473

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