Thinking About Buying Canopy Growth? You May Want to Wait for This 1 Thing to Happen First.
The next key catalyst for this cannabis stock lies in the hands of a U.S. Federal Government agency.
Overview
For Canopy Growth (NASDAQ: CGC), as with most cannabis stocks, the next key catalyst has nothing to do with the industry or the economy. Instead, what will likely cause marijuana stocks to surge or sink from here has to do with an upcoming decision from the U.S. Drug Enforcement Administration (DEA).
This decision wouldn't resolve all of Canopy's regulatory headwinds, but since it could spark another round of bullishness, let's dive into the latest.
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Originally published at www.fool.com.
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