3 Marijuana Stocks That Cost Investors Billions in 2019
We now have less than a week to go before we say goodbye to 2019, and the year can't end soon enough for marijuana stock investors.
When 2019 began, the expectation was that this would be the year the cannabis industry really matured. Sales were expected to skyrocket with Canada allowing recreational weed sales and derivative pot products positioned to hit dispensary shelves during the fourth quarter. But as the year played out, these projections turned out to be nothing more than a pipe dream, with the end result being billions of dollars lost by pot stock investors.
Although a few niches within the cannabis industry outperformed, most marijuana stocks lost a considerable amount of their value. The following three pot stocks were especially good at destroying shareholder value, with market cap losses ranging from $2.2 billion to $4.9 billion for the year.
Source Fool.com
