But before you get ahead of yourselves, know that the Canopy’s underlying fundamentals have completely decoupled from the stock’s incredible market cap. Currently, analysts are forecasting the pot market to hit estimated peak sales of $5-8 billion in 2020 and beyond (including recreational and medicinal); that’s if legalization goes off without a hitch.
According to the Marijuana Index Canada – consisting of 10 publicly-traded Canadian companies in the space – the Canadian cannabis sector, [has had] a parabolic rise in share price since May of this year.
