Only 51 authorized licenses have been given to suppliers of medical marijuana in Canada. Canopy Growth Corporation (NASDAQOTH:TWMJF) holds four of them. Canopy Growth is also the largest Canadian marijuana stock, with a market cap of more than $950 million — well above rivals such as Aphria (NASDAQOTH:APHQF) and Aurora Cannabis (NASDAQOTH:ACBFF).
But is Canopy Growth a marijuana stock that investors should buy now? Here are three things you need to know first before making a decision.