CNBC's Jim Cramer says "the marijuana industry is just not what it was cracked up to be."
"I worry that maybe the equilibrium price for cannabis is much lower than we'd thought it'd be, and that's a major change," he says.has tapped the breaks on his hypothesis for pot stocks claiming "the marijuana industry is just not what it was cracked up to be."host said he may have been wrong in calling the weed business an "incredible opportunity.
Cramer initially thought the budding cannabis industry represented a great investment in its infancy. Now he's saying it appears to be a "much smaller opportunity" than most projected, citing the decline in the sticker price for legal weed as Canadian companies expand production.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Target soars 14% on earnings—Jim Cramer and other pros on what to watch nowTarget's earnings beat pushed the stock to new heights Wednesday, and industry leaders say it's a sign of underlying strength in the U.S. economy.
Leer más »
Tech stock picks, IPO investing strategy from fund manager Jim Golan - Business InsiderA fund manager who's outshining 95% of his peers unpacks the secret weapons behind his top 2 tech stocks — and explains why he almost never invests in hot IPOs
Leer más »
Everything Jim Cramer said about the stock market on 'Mad Money,' including trade hits to tech stocks, exec interviews with Salesforce, RH and SquareCNBC's Jim Cramer advises investors not to give up software-as-a-service plays, despite boiling trade tensions. The 'Mad Money' host sits down for interviews with executives of Salesforce, Square and RH.
Leer más »
Everything Jim Cramer said about the stock market on 'Mad Money,' including retail earnings, Okta and Tableau Software CEOsCNBC's Jim Cramer breaks down the strengths and weakness behind the earnings reports in Home Depot, Lowe's, Kohl's and Target. The 'Mad Money' host sits down with the CEOs of Okta and Tableau to get insight into the impact of technology on businesses.
Leer más »