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Constellation Brands (NYSE:
STZ), Canopy has delivered a strong lineup of “Cannabis 2.0” products ranging from chocolates to beverages. The company’s branding efforts have paid off. Its shares are down less than a third from their 2018 peak while the rest of the industry has plummeted.
CGC stock might not be the biggest winner gainer in 2021 – investors price its high-quality shares at a premium. But long term, it’s the company that’s most likely to become the next Philip Morris. Its parent Constellation Brands already owns and distributes Corona, Modelo, Meiomi Wines and Svedka Vodka, among others. And with a comprehensive portfolio of existing products, Canopy can quickly slot into distribution channels as individual states each legalize marijuana.
This article by Louis O Neill was originally published on The Green Fund, and appears here with permission.
Cannabis companies are experiencing a comeback, and this cannabis stock has climbed over 600% in just ten months.
As we ve been discussing recently, the cannabis industry is experiencing a boom as of late, likely spurred on by the recent Democrat gains made in the Senate and Joe Biden s ascendancy to the Presidency.
Given that Democrats are more favorable towards marijuana legalization than Republicans, in addition to Biden s pledge to federally decriminalize cannabis in the U.S., 2021 is shaping up to be a great year for investors in cannabis.
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When President Franklin Delano Roosevelt was asked at a press conference whether he was a capitalist, a communist, or a socialist, he simply responded: “I am a Christian and a Democrat, that’s all.”
Now that the Democrats are set to control the White House and both chambers of Congress, don’t get hung up on political labels and “isms.” Put aside red and blue and keep your eye on the green, as in marijuana and money.
Marijuana “normalization” continues at the state level. Illinois Gov. J.B. Pritzker in late December announced the forgiveness and expungement of about 500,000 criminal cannabis cases. Pritzker stated that he issued pardons for 9,210 low-level cannabis convictions.
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Let’s review the political landscape:
A bitterly fought presidential campaign amid a sharply polarized electorate; a divisive Republican standard-bearer whose rhetoric incites civil unrest and bloodshed; armed protests in the nation’s capital that bring forth the National Guard; racial tensions erupting into urban violence; widespread accusations of police misconduct against minorities; U.S. troops fighting “no win” battles against guerrilla insurgencies in foreign lands; growing economic insecurity among the middle class; seething hatred and mistrust between Democrats and Republicans; worsening political incivility and a coarsening of public discourse…
Yep, the year 1968 was a scary time.
As we survey similarly tumultuous events this week, I’m reminded of the often-quoted malapropism of baseball legend Yogi Berra: “It’s like deja vu all over again.”