The Only 3 Marijuana Stocks That Ended February in the Green
Following a blazing-hot first quarter of 2019 that saw over a dozen marijuana stocks soar more than 70%, the past 11 months have been nothing short of awful. Persistent supply shortages or bottlenecks throughout Canada, huge pricing gaps between legal and illicit weed in the U.S., and a resilient black market throughout North America, are making life difficult for cannabis stocks.
And just when investors thought it couldn't possibly get any worse, the stock market entered into its swiftest correction in history this past week. All three major U.S. indexes wound up declining by a double-digit percentage, ultimately making for the worst week for equities since October 2008.
What do you get when you combine panic on Wall Street with an already beaten-down and still-unproven industry? The answer is a lot of downside potential.
Source Fool.com
