If you think oil and gas stocks have had a rough go of things in recent weeks, take a gander at marijuana stocks since March 31, 2019. Over the past year and change, most cannabis stocks have lost at least half of their value, with the losses being especially noticeable for Canadian pot stocks.
Aurora Cannabis, the most popular stock on millennial-focused online investing app Robinhood, is down approximately 91% since hitting its 2019 closing high in mid-March 2019. Meanwhile, Quebec-based HEXO (NYSE: HEXO) has retraced its steps 93% since it hit its closing high in April 2019.
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