MJUS - Short Sellers Remain Addicted To Cannabis Stocks
2024-06-14 08:30:00 ET
Summary
- Marijuana stocks have the potential to be the next multi-billion-dollar industry as countries around the world start to decriminalize and legalize the drug for both recreational and medicinal purposes.
- Canopy Growth Corp (WEED Canadian line and CGC US line) was once Canada's most valuable marijuana company, with a market capitalization of $25B at its peak, which has now shrunk to $557M.
- Despite the cannabis industry growing and its use becoming more accepted, the industry still faces major challenges.
Cannabis stocks remain a target for short sellers as stock prices continue to reflect the difficulties that the industry faces. ...
Short Sellers Remain Addicted To Cannabis Stocks