Two Reasons Why CGC Stock Could Bounce Back in 2020
When Canada legalized recreational cannabis on October 17, 2018, investors rushed into the emerging market to snap up stocks they expected to soar pretty much overnight in what many dubbed as the “Green Rush.” Things didn’t go quite to plan in 2019 as regulatory uncertainty, supply issues, scandals, and the persisting dominance of the black market meant the market massively underwhelmed, and many investors lost out big time. CGC stock is one pot stock that really felt the pinch last year, but Canopy Growth (TSX:WEED) (NYSE:CGC) is certainly making a big case to bounce back even stronger in 2020.
Canopy Growth is the largest cannabis company in the world and undoubtedly a leader in the Canadian market, especially given the downfall of CannTrust Holdings (TSX:TRST) (NYSE:CTST). The co ...
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