Canadian Marijuana Sales Keep Rocketing Higher

Given the unpopularity of marijuana stocks these past few months, it's a relief when the rare piece of good news filters down into the industry. This happened last week, with official statistics in Canada -- one of the only countries in the world where recreational marijuana is legal nationwide -- showing substantial growth for the sixth month in a row.

But since this is the cannabis sector in 2019, the good news was accompanied by some bad, specifically job cuts announced by two notable cannabis companies. As a result, many marijuana stocks didn't perform particularly well last week. But then again, given how things have gone for the sector lately, that wasn't exactly a new or unexpected development.

Image source: Getty Images.

Source Fool.com