VFF - Only These 3 Cannabis Stocks Are Up Over the Past Year
In just two weeks, the cannabis industry is set to hit multiple milestones. On Thursday, Oct. 17, it'll mark one year since recreational marijuana went on sale in Canada. It'll also mark the official green flag for derivative regulations to go into place in our neighbor to the north -- derivatives being non-dried-flower products such as edibles, infused beverages, vapes, concentrates, and topicals.
You'd think everything would be going great for the North American pot industry, but it's actually been quite the opposite. With no precedent to legalization in an industrialized country, Canada has been contending with supply shortages of product since day one of legalization nearly a year ago, while select U.S. states have been coping with oversupply and high tax rates. The result has been a resilient black market and a brutal performance for marijuana stocks over the trailing-12-month period.
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