3 Cannabis Stock CEOs Who May Lose Their Jobs

For a long time, cannabis investors could seemingly do no wrong. Prior to April 2019, the vast majority of pot stocks had rallied by a triple-digit or quadruple-digit percentage, with the expectation that ongoing legalizations throughout North America and around the world would move black-market transactions into legal channels over time.

However, this hasn't proved to be the case. Canada has contended with an assortment of supply concerns, with U.S. marijuana stocks hampered by high tax rates on legal product in a handful of key markets. The North American pot industry has also struggled to gain access to traditional forms of financing. Add on the coronavirus disease 2019 (COVID-19) pandemic for good measure, and you can see why marijuana stocks have been clobbered over the past 14-plus months.

But it's not just pot stock shareholders that need to be concerned with the underperformance of the cannabis industry. A number of marijuana stock CEOs look to be on the hot seat and in danger of losing their jobs if things don't turn around very soon.

Source Fool.com