The First Tradable Cannabis ETF Has Now Lost Half Its Value
According to estimates from Wall Street, as well as an assortment of independent reports, marijuana is the greatest growth trend to come along since sliced bread. Having generated just shy of $11 billion in global sales last year, worldwide revenue is forecast to catapult to between $50 billion and $200 billion by the end of next decade. That would appear to make cannabis a no-lose long-term investment.
Unfortunately, no matter how robust the growth figures are, there is no such thing as a no-lose investment opportunity.
To say that the past six months have been rough on marijuana stock investors would probably be an understatement. We need look no further than the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) as evidence of this fact.
Source Fool.com
