On paper, stakeholders of cannabis operator Canopy Growth (NASDAQ: CGC ) have plenty of reasons to smile. Anticipation of major marijuana policy shifts culminated in a recent announcement by President Joe Biden that the government will reclassify the controversial plant.
Fans of Canopy Growth (NASDAQ: CGC ) stock have plenty to look forward to following a recent proposal to reschedule cannabis. This, of course, includes its upcoming first-quarter earnings report, due on May 30.
Canopy Growth (CGC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Canopy Growth (CGC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.