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CURLF - 3 Marijuana Stocks Ready for a Cash Crunch
Curaleaf Holdings Inc
As a whole, the cannabis industry is growing by leaps and bounds, but you wouldn't know it by looking at the ETFMG Alternative Harvest ETF(NYSEMKT: MJ). Over the past six months, shares of this exchange-traded fund have tumbled 40%, and the losses are accelerating.
In a nutshell, investors are hungry for positive cash flows but there just aren't enough cannabis sales for half of the industry's members to meet lofty expectations. Another round of earnings reports dripping with red ink could be right around the corner.