Canna-Bust! These 6 Pot Stocks Lost at Least 25% in July
For years, marijuana stocks have been the buzzy go-to investment. If investors had the stomach and wherewithal to invest in some of the most popular names back at the beginning of 2016, they'd likely be sitting on gains of more than 1,000% right now. Even investors who bought into the industry during the first quarter made out quite well, with the Horizons Marijuana Life Sciences ETF, which holds more than four dozen cannabis stocks of various weightings, gaining over 50%.
But the past four months haven't been so green for the marijuana industry, with July being a flat-out canna-bust! Last month, the Horizons Marijuana Life Sciences ETF lost almost 12% of its value, with 85% of the nearly five dozen pot stocks I follow declining. Worse yet, 2 out of 3 cannabis stocks lost at least 10% in July.
But among the decliners was a group that we can clearly call the worst of the worst. Six pot stocks wound up shedding at least a quarter of their value in July. Here they are, listed in descending order by their decline.
Quelle Fool.com
