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.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: CNBC - 🏆 12. / 72 Read more »
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
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »