Earnings Outlook: Canopy Growth earnings: Can the world’s largest marijuana company keep growing like a weed?

After recreational marijuana sales were legalized last year, Canopy Growth Corp.’s pot sales jumped 360%. When the world’s largest pot company reports a fresher crop of results this week, that number may be less than 40%.

While raw-pot sales will no longer grow as fast as legalization moves farther away in the rearview mirror, Canopy investors will still be looking for large revenue growth to justify the company’s market cap of more than $14 billion. Canopy Growth executives pointed to a couple of different paths to maintaining a high growth rate: International growth, especially a multibillion-dollar bet on the U.S. market, and new edible products expected to begin selling in December.

>>> Original Source <<<