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Stock impact report

Let's Face It, Marijuana Equity Investments Have Flopped [The Motley Fool]

Constellation Brands, Inc (STZ)  More Company Research Source: The Motley Fool
Last constellation brands, inc earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
PDF The marijuana industry is expected to be one of the fastest-growing industries in the world this decade. Although estimates vary on Wall Street, legal weed sales are forecast to hit between $0 billion and $00 billion per year by 00. For context, this would represent an approximate 00% to ,800% increase in annual revenue from what the industry generated in worldwide sales in 08. This growth projection is a big reason cannabis stocks rapidly expanded their production capacity and product offerings, and is also why a handful of brand-name companies dipped their toes into the water over the past two years. Unfortunately for two brand-name businesses, their equity investments into Image source: Getty Images. Constellation's investment in Canopy Growth fizzles out The most prominent equity investment in the entire pot industry is Corona and Modelo beer maker Constellation Brands ( NYSE:STZ NYSE:CGC Though Constellation is best known for completing a $ billion equity investment into Canopy W [Read more]
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