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If you are a long-side cannabis investor, your portfolio performance in Q3 19 probably hasn’t been much to brag about. The sector returns have been disastrous with an online sentiment to match. From the highs of about $39/share in mid-March, to today’s closing price of $24/share, the largest cannabis ETF (MJ) has lost 39% of value while Russell 2000 Growth peer group has been virtually flat.
As you are weighing your options of holding on to your stocks or cashing out, consider my perspective of how we got to this place, and what