Stock markets posed a recovery in July, however that was short lived. The speculative end was hardest hit, Cannabis or Marijuana stocks were especially hit hard. This isa pattern with short covering and FOMO buying when a hint of legalization sweeps the US. The result is heavy overhead supply and more secondary issuance for loss making names. ‘Pot stocks’ broke a long losing streak in July of 17 straight months down with a rally of 4.3%, that was merely a … Continue reading “Marijuana Stocks Up in Smoke, Global Cannabis Index Continues Collapse in September”
California is considered the world’s largest marijuana market and it’s legal cannabis market is currently on track to grow 23% in 2019 to $3.1 billion and to reach $7.2 billion in 2024, a 19% compound annual growth rate (CAGR) over the next five years.