It's no secret that cannabis stocks have been a brutal space for investors. Since Canada legalized adult-use cannabis for recreational purposes nearly four years ago, most of the country's publicly traded cultivators have lost well over 80% of their value.

This dreadful performance can be attributed to a mix of unrealistic expectations and poor management by the initial wave of executives of these companies (most of whom are now gone). In a race to conquer the global cannabis market, for instance, several top-tier cultivators, like Aurora Cannabis, Canopy Growth, and Tilray Brands plowed inordinate amounts of capital into aggressive expansion plans at home and abroad.

Image source: Getty Images.

Continue reading

Source Fool.com