For years, marijuana stocks were viewed by investors as the greatest thing since sliced bread. With the legal pot industry generating $10.9 billion in worldwide sales in 2018, and Wall Street suggesting that annual global sales could hit $50 billion to $200 billion by 2030, investors figured they had a surefire winner on their hands. The reality of the challenges they're facing in Canada and the U.S. have sunk in with investors, and most pot stocks have seen their share price retrace anywhere from 50% to 95%. Read More...
3 Cannabis Stocks to Avoid Like the Plague in June
For years, marijuana stocks were viewed by investors as the greatest thing since sliced bread. With the legal pot industry generating $10.9 billion in worldwide sales in 2018, and Wall Street suggesting that annual global sales could hit $50 billion to $200 billion by 2030, investors figured they had a surefire winner on their hands. The reality of the challenges they’re facing in Canada and the U.S. have sunk in with investors, and most pot stocks have seen their share price retrace anywhere from 50% to 95%.
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