ALEAF - This Tiny Pot Stock Beat Aurora and Canopy to Profitability
The legal weed industry is budding before our eyes, and soon enough it could grow into a $200-billion-a-year global market. These pie-in-the-sky projections are a big reason behind the more-than-three-year rally in cannabis stocks.
But we've begun to enter a new era for the marijuana industry. Gone are the days when promises yielded profits for investors. Following the legalization of recreational pot in Canada, as well as ongoing state-level approvals in 33 U.S. states since 1996, Wall Street and investors have turned their attention to cannabis stock income statements and balance sheets. Yes, folks, earnings reports and balance sheets actually matter now, and they've been a big reason behind the abysmal performance of brand-name pot stocks over the past six months.
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