Why is Canopy Growth dropping?

Hey there.

Keep in mind, if you're referring to the huge spike in price followed by the drop it's currently undergoing, that was primarily because of WallStreetBets targeting and bloating the prices of cannabis companies. The rise in price was simply unwarranted.

I wouldn't say the financials on Canopy are "good", but they are certainly more structured and better off than some other cannabis companies (see Aurora). We're still seeing amplified losses and inconsistent earnings.

If you bought Canopy Growth for US legalization, which is almost, but not a sure thing yet, you've got to be willing to hold this company for the long term, and not worry about short term price movements.