Here's How Much Marijuana Sales Forecasts Have Plunged Since April
When the year began, hopes were incredibly high for the cannabis industry and marijuana stocks in general. Canada had just become the first industrialized country in the modern era to green-light the sale of recreational weed as of Oct. 2018, and we'd witnessed a number of U.S. states make the move toward marijuana legalization. As such, Wall Street's sales expectations for the pot industry were lofty.
But here we are, less than three weeks away from turning the page on 2019 and the decade, and cannabis stocks are a mess. A number of problems have, pardon the pun, cropped up throughout North America, and we've seen sales estimates for fiscal 2020 fall off of a cliff as a result.
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Source Fool.com