But, major pot stocks have rallied as well. Trump gets reelected, but the Democrats win back the Senate from the Republicans. Canopy Growth Corp. engages in the production and sale of medical cannabis. But, it’s still a long road to full federal legalization, and widespread commercialization, in the United States. Exclusive Interview: The Motley Fool Sits Down With Bruce Linton, An Interview With Canopy Growth's CEO, Chairman, and Co-Founder, Why Aphria, Canopy Growth, and Cronos Group Stocks Jumped Today, Why Aurora Cannabis, Canopy Growth, and Other Marijuana Stocks Surged Today, Why Canopy Growth Stock Fell 13% in September, Why Canopy Growth Stock Fell 12.1% in August, Why Marijuana Stocks Continued to Get High on Tuesday, Why Canopy Growth Stock Is Crashing Today, Canopy Growth Corp. (CGC) Q1 2021 Earnings Call Transcript, Canopy Growth Corp. (CGC) Q4 2020 Earnings Call Transcript, Canopy Growth Corp. (CGC) Q3 2020 Earnings Call Transcript, Canopy Growth Corp. (CGC) Q2 2020 Earnings Call Transcript, Canopy Growth Corp. (CGC) Q1 2020 Earnings Call Transcript, Canopy Growth Corporation (CGC) Q2 2019 Earnings Conference Call Transcript, Canopy Growth Corporation (CGC) Q1 2019 Earnings Conference Call Transcript, Copyright, Trademark and Patent Information. Better Marijuana Stock to Buy: Cronos or Canopy Growth? CGC is not currently paying a regular dividend. Stock quotes by finanzen.net. And, given a majority of Republican voters are now on board with full legalization bipartisan support may not be out of the question. You can change your choices at any time by visiting Your Privacy Controls. And, while a Trump upset could fuel a big sell-off, that wouldn’t necessarily take the legalization catalyst off the table. All rights reserved. With this in mind, now may be the time to buy CGC stock. And that’s no surprise, given Biden’s running mate, Kamala Harris’s recent statements on decriminalization. But, as InvestorPlace’s Chris Markoch pointed out Oct. 14, decriminalizing is not legalizing. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Copyright 2019© FactSet Research Systems Inc. All rights reserved. Cannabis stock investors were clearly fired up on Wednesday, bidding up the shares of Canadian players Canopy Growth (NYSE: CGC), Tilray (NASDAQ: TLRY), and Aurora Cannabis (NYSE: ACB). It would still be years until the Canadian pot names gain access to what would likely be the largest pot market.
Legalization Canopy Growth hasn’t escaped this harsh reality.

CGC earnings call for the period ending September 30, 2019. 1125 N. Charles St, Baltimore, MD 21201. Cannabis stock investors were clearly fired up on Wednesday, bidding up the shares of Canadian players Canopy Growth (NYSE: CGC), Tilray (NASDAQ: TLRY), and Aurora Cannabis (NYSE: ACB). See you at the top!

Nasdaq Cryptocurrencies: Cryptocurrency quotes are updated in real-time. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. In the near-term, headwinds in the Canadian market need to get better. Many major states have legalized pot for recreational and/or medicinal use. Copyright © 2020 InvestorPlace Media, LLC. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. With strong poll numbers as of late, several names have moved higher, in anticipation of a Biden victory on Nov 3. The co-founder and former CEO of Canopy Growth has a lot to say about his new SPAC, how the election will change the cannabis industry, and electric vehicles. Curaleaf is a lot closer to profitability than Canopy is. All rights reserved.

Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. The Nov. 3 U.S. presidential election is the key near-term catalyst for Canopy Growth (NYSE:CGC) stock. Let's conquer your financial goals together...faster. Data may be intentionally delayed pursuant to supplier requirements.

How is a partial Democratic victory good for Canopy? Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Updated daily, it takes into This pot company's Q1 results dragged down its stock, but there's still a glimmer of hope. 20.28-0.02-0.08%. The Nov. 3 U.S. presidential election is the key near-term catalyst for Canopy Growth (NYSE:CGC) stock.

One of the marijuana industry’s pioneers was just ousted from Canopy Growth. Find real-time CGC - Canopy Growth Corp stock quotes, company profile, news and forecasts from CNN Business. Within a month, marijuana could be mostly legal in 3 out of 4 U.S. states. While it would not be as favorable an outcome, it may not impact shares as badly as you’d think at first glance. On the date of publication, Thomas Niel did not (either directly or indirectly) hold any positions in the securities mentioned in this article.

Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The company's second quarter earnings release failed to impress investors. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Was it All Bad News in Aphria's Q1 Results? Registration on or use of this site constitutes acceptance of our, 7 Marijuana Stocks for an Election Day Boost, Why Marijuana Stocks Canopy Growth, Tilray, and Aurora Cannabis All Rose on Wednesday, 3 Biden-Backed Election Stocks to Buy Today, Vanguard Total International Stock Index Fund, Horizons Marijuana Life Sciences Index ETF.
Source: Kantar Media.

Find out more about how we use your information in our Privacy Policy and Cookie Policy. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Article printed from InvestorPlace Media, https://investorplace.com/2020/10/election-nearing-buy-cgc-stock/.

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The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The election itself isn’t the end-all, be-all for Canopy. Canopy Growth Corporation Common Stock (CGC) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. These 2 Pot Stocks Face a Challenging Future, Even if Biden Wins. They're having quite a week so far, but there are three more days to go on the stock market. In short, with big potential gains outweighing downside risk, this is a solid opportunity. Thomas Niel, contributor to InvestorPlace, has written single stock analysis since 2016.

Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. account day-to-day movements in market value compared to a company’s liability structure. Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. Also, it’s more complicated than just a Biden win versus a Trump win. Commerce Policy | Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. The cannabis producer reported dismal fourth-quarter results. But, until it’s legal on the national level, major names like this one are shut out. Both have a global vision and big plans for building into a legalized market for cannabis -- whenever it may come. Dividend). Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Even after the recent election-related run-up.

Yet, a sweep by the Democrat could drive speculators back into Canopy, sending shares soaring once again.

Yet, this scenario doesn’t mean doom for Canopy. But, what if he pulls off an upset? Given it’s not just the White House, but the Senate as well, that could change hands, there’s another possible scenario. However, that doesn’t guarantee a dip back to today’s current price levels.

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