The Marijuana Market
Information
7th October 2020

The Marijuana Market

Waylon Cameron
Marijuana performance was noted to be low besides its high stock potential in the market though it is never easy to find the best stock for investment. With different regulations in different countries concerning the plant, the future growth of the cannabis plant market forecast was over 73 billion dollars by the year 2027. That is approximately 18% in every year for the preceding seven year. This growth will be successful due to the continued legalization of cannabis in both medical and recreational fields in the United States. Availability of its stock will be promising since several industries are expected to engage in the business in the future.

Canopy Growth, being the largest marijuana

Canopy Growth, being the largest marijuana organization, was the main player in the production of recreational cannabis. This has made the company vulnerable to growth pains undergone by industries during investments. At the beginning of the year 2020, the company which is based in Canada reported a loss of over one billion. That saw over five hundred staffs being laid off and a closure of its greenhouses where this plant was cultivated. A plan to open a third greenhouse was not successful due to the loss incurred as well as the market instability. It has also bared with changes in exchange for its board of directors as well as executive ranks within the organization in the previous years.

The Marijuana Market

Improvement in results was realized in the recent fiscal quarter because of increased demand of cannabis in the recreational sector since lifestyle has changed in the recent past leaving people with a lot of free time. This is a clear indication that Canopy Growth can be resilient as compared to other minor companies. That makes it also capable to withstand challenges faced in the industry. In the medical field, it has made high sales which saw them to launch an e-commerce website which has boosted their sales. Investors has high expectations with the company and the believe it will eventually find its footing and the prices will increase with time.

For years, the legalization of local this plant was a tough exercise especially within countries in the commonwealth. This was made possible through signing of the cannabis act and a commission was put in place to govern the running of marijuana planting. When people appreciate the importance of the plant and accept the prohibited issues, success shall be attained in the sector. That could be achieved through complying with the laws set that marijuana should not be cultivated for commercial purposes.

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