Canopy Growth Corp (WEED)

[Kflawn]

The supply of cannabis oil has similarly skyrocketed. It’s up by 150% since legalization to 128,000 liters of inventory. Consumption, however, is up by roughly just 50%/month and remains under 10,000 liters per month. Thus, there are more than two years of dried cannabis inventory and one year of CBD oil inventory available at current supply and demand levels. And supply growth continues to outstrip demand increases, making the excess even worse.