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The charts over the past couple of months have been ugly. The Marijuana ETF (MJ) is down more than 37% from its 2019 high, and individual names within the sector are doing much worse.
Tilray (TLRY), perhaps the poster child for the industry, is down well over 70% from just the beginning of the year. Virtually every other one of the fund's top 10 holdings is down at least 40%. Yes, investors got way too ahead of themselves in bidding these stocks up to ridiculous levels, but is it time to finally begin dipping your