Canopy Growth Corp (WEED)

[PennyStockInvestor]

Marijuana prices are crumbling

It appears that companies are falling over themselves trying to get into the business of growing marijuana. Furthermore, legalization of marijuana in several STATES and Uruguay has caused a major drop in marijuana prices.

Marijuana sold for around $12/gm in Uruguay before legalization...it now sells for about $1/gm.

BC BUD has dropped half of its value since Colorado legalized its marijuana industry.

Legalization will continue in the U.S. and around the world. In my opinion the professional growers will be a short term investment and will eventually fizzle out as everyone will be able to grow their own or buy it from associates.

Dispensaries in Canada are liquidating their stocks with the new regulations.