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...and who's down

Snacks / Monday, March 09, 2020
  • Enter 'high pun' here... Canopy Growth, Earth's largest cannabis company, isn't living up to the 2nd half of its name. It's firing 500 workers and shutting down 2 of its biggest cannabis-growing greenhouses (and cancelling plans to build another). The entire cannabis industry is coming down from a short-lived high: companies produced a ton of pot after legalization, only to realize demand wasn't at the same level as hoped. Now Canopy's left holding the (weed) bag.

  • Epic sinking streak... Carnival Cruise's stock has sunk 46% since mid-January, thanks to a disaster trifecta that includes 2 Carnival ships colliding and a quarantined ship with 700 coronavirus infections. Now, it's got another coronavirus-infected ship scheduled to dock today in Oakland. Still, Carnival's industry dominance and Americans' growing demand for cruises might help it weather these temporary (but massive) setbacks — sales have risen 7% annually since 2015.

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