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The Ripple Effect of Canopy Growth's Move From Indoor Growing

This week Canopy Growth stunned the market when the company announced it was closing two indoor grow facilities. Canada only has so many residents and according to Statista total market sales for Canadian cannabis are less than the state of California. Cowen & Co. analyst Vivien Azer reduced her estimates by 32% to C$3.5 billion for 2020 for expected adult-use cannabis sales. Read More...

This week Canopy Growth stunned the market when the company announced it was closing two indoor grow facilities. Canada only has so many residents and according to Statista total market sales for Canadian cannabis are less than the state of California. Cowen & Co. analyst Vivien Azer reduced her estimates by 32% to C$3.5 billion for 2020 for expected adult-use cannabis sales.

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