The Pot Industry Is Scrambling for Cash

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Heard on the Street: The pot industry is scrambling for cash as companies’ equity values slump

The North American Marijuana Index, which tracks the leading cannabis stocks in the U.S. and Canada, has fallen more than 52% in the past 12 months.

Valuations have come down as high prices for legal products have made it hard to shift demand out of the black market in states like California. Meanwhile, governance problems at listed companies such...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines