Quote:
Originally Posted by Azure
I think Canopy is just exploring the tip of the iceburg here as far as marijuana potential goes. We are talking about a sizable market leader who is going to be WAY ahead of everyone else in a multi billion dollar market that is JUST opening up.
They are at $59 right now, but my guess is they go over $200 once legalization happens, and big established food & beverage companies start getting into it.
253% return right now. 
And the hell of it is Constellation Software would be giving you a 311% return right now if you bought in about 2 years ago. And NOBODY is talking about them. |
Re: WEED, with the p/e already being so high compared to the alcohol or tobacco industry, and with so many players in the market and very little difficulty getting into the market, I don't see the full growth potential for it to get to $200. That's my unscientific belief, but how do you see it at a $200 valuation in the future?
Care to talk about the Constellation Software co?