10 Pot Stocks That Could Run Out of Money in 10 Months (or Less)
No one ever said that launching a high-growth industry from the ground up (literally) was easy. Just ask the cannabis industry and pot stock investors for confirmation.
The pot industry entered 2019 with (pardon the pun) high hopes. Unfortunately, those hopes were replaced by deep disappointment when the curtain closed on the year. Supply bottlenecks and shortages dominated the Canadian landscape, while high tax rates and a resilient black market made life difficult for U.S. multistate operators. Put simply, what could go wrong did go wrong for marijuana stocks and the industry as a whole in 2019.
While a new year does bring new opportunities, a handful of the same challenges that affected the industry in 2019 have become even more pronounced in 2020. In particular, financing remains a major worry for both Canadian and U.S. pot stocks.
Source Fool.com
