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NEPT - Even the Safest Pot Stocks Are Now in Trouble
Neptune Wellness Solutions Inc.
For the better part of the year now, marijuana stocks have been taken to the woodshed. Following a first quarter that saw more than a dozen cannabis stocks rise by at least 70%, nearly every pot stock has since lost 30%, 50%, or maybe even more of its value.
The problems and growing pains for the North American weed industry are abundant. In Canada, regulatory agency Health Canada has been slow to review and approval cultivation, processing, and sales license applications. In some instances, this has led to wait times of more than a year before growers can plant their crops and bring product to market.