This has not been a kind year to cannabis investors. Despite favorable growth in early spring, almost all marijuana stocks have lost value since the start of the year. For some of the biggest names in the industry, the fall has been cataclysmic.
The king of the cannabis castle, Canopy Growth Corporation (TSX:WEED) (NYSE:CGC), peaked in April at $69.90 and is currently down 70% from there. After its most recent quarterly losses were twice as high as predicted, the company’s stock just hit a record low.
In January, shares for Tilray Inc. (NASDAQ:TLRY)—arguably the ...
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