Canopy Growth Corp (WEED, CGC) is the undisputed king of the global cannabis industry.
The Canadian juggernaut is the largest cannabis company in the world with a market cap of more than $8 billion and, in 2018, landed a $4 billion investment from Constellation Brands (STZ), one of the largest alcohol distributors in the world.
Despite the impressive resume, Canopy struggled in 2019.
Decades ago, the U.S. government enforced efforts against alcohol the same way as marijuana with the American Prohibition Act. The bill taught the residents that they would never win the long and futile war against alcohol since people would want to drink in the long run. Consequently, many people argue that marijuana is more benign than alcohol, so the government should regulate and publicize cannabis use like alcohol. Continue reading “A Look Back at The Campaign to Regulate Marijuana like Alcohol”→