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Home Canada

Up to 1 Million Kilos of Marijuana Production Has Been Cut in Canada for 2020

Motley Fool by Motley Fool
November 19, 2019
in Canada, Investments, Marijuana Stocks
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At this time last year, there arguably wasn’t aย hotter or more popular investment opportunityย than marijuana stocks. It’s not hard to understand why, either, if you simply look at the industry’s recent growth trends or Wall Street’s sales forecasts.

Between 2014 and 2018, worldwide weed salesย more than tripled to $10.9 billion, according to theย State of the Legal Cannabis Marketsย report from Arcview Market Research and BDS Analytics. Furthermore, a variety of Wall Street projections have been calling for roughly a fivefold to 18-fold increase in sales by the end of the next decade. This aggressive growth forecast is what made pot stocks so popular among retail investors, and is a big reason cannabis stocks expanded their production capacity as quickly as they could.

But one year has made a world of difference in the cannabis space.

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Tags: Aurora Cannabis Inc.HEXO Corp.licensed producerNYSE:ACBNYSE:HEXOOTC:TGODFThe Green Organic Dutchman Holdings Ltd.TSX:ACBTSX:HEXOTSX:TGOD

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