The Coronavirus Just Gut-Punched Canadian Pot Stocks
For the past year, there hasn't been a more disappointing industry for investors than cannabis. Following a blazing-hot first quarter in 2019 that saw more than a dozen pot stocks return at least 70%, virtually all marijuana stocks have retraced anywhere from 50% to 95% over the past year.
What's particularly interesting is that the country given the first crack at becoming a global cannabis leader -- Canada -- has completely flopped at the task. Now, with the coronavirus disease 2019 (COVID-19) spreading globally, things for the Canadian pot industry have gone from bad to worse.
Image source: Getty Images.
Source Fool.com
