Pot stocks find a bear with analyst warning of ‘end of cannabis rainbow’

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Analyst cites structural problems facing producers as the reason for his bearish view and points out uncertain pricing in the sector

 

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no kidding farmer can plant cheaper in a field than all those expensive green houses. That stuff is going to be cheap as potatoes.

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Legal pot costs almost 50 per cent more than pot bought on the black market: StatCanThe average price of a legal gram of recreational pot last year was $9.70, versus $6.51 on the illicit market How surprising 🙄
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Pot stocks slide on first day of legalization‘Market lacks perspective on Canada’s proverbial pot of gold’ — analyst fpinvesting Yes, thank you. Keep going up.
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Cannabis stocks are slipping on day one of pot being legal in CanadaCannabis stocks are sliding on day one of pot being legal in Canada pot dot com! The valuations are ridiculous! Half way through the day and stocks are up. I just checked Supreme Cannabis, and while it did dip to $1.86 this morning, it's up to $1.98 right now (peak $2.03). It's going to have an impact because it's no longer a selective market targeting only a few producers and customers. Lol up 1000% and down 7% at one opening is 'tumbling'. Get out of here with your click bait.
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