MEDIF - The 9 Best Marijuana Stocks in October
True to Halloween, October was another ghoulish month for cannabis stocks. After rocketing higher during the first quarter of the year, marijuana stocks have been in a precipitous seven-month downtrend. Last month, a majority of pure-play pot stocks ended the month lower, with the Horizons Marijuana Life Sciences ETF, the first exchange-traded fund focused on marijuana, losing another 12%. Since the end of March, this popular ETF has lost 50%, inclusive of dividends paid.
October featured many of the same concerns that have plagued the North American pot industry over the past year -- namely, the exceptionally slow rollout of physical dispensaries in Canada (along with a slow licensing process) and high tax rates in select U.S. states curbing legal sales channels.
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