ALEAF - Weekly Cannabis Stock News: Michigan Joins the Recreational Pot Party
Marijuana stocks have not been a successful asset class in 2019, to put it gently. While most of them sailed through last week, trading flat or only slightly down, over the year they've generally seen their values deteriorate considerably. Structural weaknesses across the industry, mixed with a variety of other factors including company-specific problems, have largely been the culprit.
Yet certain impediments to the cannabis market's success are falling away, if only gradually. One of those dominoes was toppled last week, the major cannabis industry development in a five-day period that was generally light on news in the pot sector. Let's get into it.
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