But shares of all the major pot stocks are down, despite hype about the legalization of recreational marijuana in Canada and some US states. The signing of the Farm Bill by President Trump last fall, which had the potential to boost CBD/hemp sales, hasn't helped as much as investors hoped. Cronos Group and Canopy Growth have plunged more than 60% from their highs earlier this year, and are down about 15% for 2019.
Matt Markiewicz, managing director of Innovation Shares, which runs The Cannabis ETF , agreed that investors got too excited about the short-term outlook for the sector. "Exuberance around Canada legalizing adult recreational usage was pretty high. Analyst expectations for sales and consumption were very bullish and it just did not materialize," Markiewicz said.
We need federal decriminalization. Nothing can really take off till that happens.
They’ve gone up in smoke
Using the wrong type of fertilizer. Try politicians.
Perfect time to take a swim
That's because they are overregulating it. We had millions of shops everywhere and now they are only limited to the rich white people who own those dispensaries. And are out in the middle of nowhere.
Why pay $100 for something you can easily get for $50 🤔
But ex-Speaker of the House John Boehner promised me I'd get rich paying him to sell pot to the kids? Dealers are such liars.
Buy buy buy
Stuff you can grow in your back yard probally won't be worth it's weight in gold. Just saying
Shocker. Saw this coming a mile away. Any stock cnn tries to promote fails.
A watershed moment.
That's because they did everything in their power to stifle their growth meanwhile tobacco keeps making shitloads of money
First, states need to pull back on the onerous taxes on the product, which are causing people to turn to the black market.
💥BOOM💥 Dem's heads are exploding! Trey Gowdy has signed on to help Trump through impeachment inquiry!! We are not backing down never again!!
Smoking is harmful to health...
The market is saturated.