ALEAF - Surprise! A 175000-Kilo Marijuana Supply Agreement Just Went Up in Smoke
For years, the marijuana industry has had investors seeing green. Early entrants into some of the biggest names in the industry have likely compiled triple- and quadruple-digit gains over a period of just three or four years. It's been pretty easy for Wall Street and investors to get excited about an industry that could flower from $3.4 billion in worldwide sales in 2014 to perhaps as much as $200 billion by 2030.
However, the past six-plus months have been a wake-up call for cannabis investors. Most pot stocks have had a significant chunk of their market caps erased as a host of challenges and growing pains have hit the North American marijuana industry. Worse yet, these macro issues are beginning to trickle down and impact companies on a more micro level, as you're about to see.
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