$10,000 Invested in Aurora, Canopy, Cronos, and HEXO 3 Years Ago Would Be Worth This Much Today
For years, the marijuana industry was the hottest investment on Wall Street. Investors could practically have thrown a dart at a list of North American licensed producers and doubled their money in a few months, if not generate even more robust gains.
Then April 2019 hit, and reality kicked in.
Over the past 13-plus months, cannabis stocks have been raked over the coals. Regulatory-based supply issues in Canada, high tax rates on legal-channel pot products in key U.S. states, and the inability of many North American pot stocks to access traditional forms of financing have quickly pulled the rug out from beneath this blazing hot industry.
Source Fool.com
