CannTrust Cans Its CEO -- Now What?
Over the next decade, you'd struggle to find an industry with greater growth potential than cannabis. Depending on your preferred Wall Street source, the global marijuana industry could grow from nearly $11 billion in sales in 2018 to between $50 billion and $200 billion in a decade's time. Growth like this doesn't come along very often, which is a big reason why pot stocks have been so popular with Wall Street and investors.
However, investing in the cannabis industry hasn't always been a green experience. On more than one occasion since October, investors have contended with unpleasant scandals, whether they be accounting snafus or insider conflicts of interest following acquisitions. But nothing is quite on par with the blatant fraud that appears to have occurred at licensed Canadian cannabis operator CannTrust Holdings (NYSE: CTST).
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