The bears come out in summer, and they’ve been feasting on pot stocks for weeks now. On Thursday, both the Canadian and American marijuana indexes broke 52-week lows, falling to $69.92 and $79.64 respectively. These are disappointing numbers for an industry once touted as the next gold rush market.
Unfortunately, the cannabis news hasn’t been very pretty either. Scandals have dominated headlines since the start of July, coinciding with the surprise ousting of Bruce Linton from Canopy Growth Corporation (TSX:WEED) (NYSE:CGC). All month, major cannabis companies have been getting into trouble, and analysts point to the ...
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