- The S&P 500 is off to its worst start since 1939, and the NASDAQ notched its worst opening quarter since launching in 1971. For cannabis stocks, it was the worst month since COVID-lows of March 2020.
- April was another month where equity markets sold off, and cannabis got hit harder than most.
- Cannabis stocks suffered more in part due to their higher beta and small-cap nature, but also ongoing frustration with the lack of political progress, slower Q1 earnings, and continued lack of access for institutions.
For further details see:
Green Giants April 2022 Newsletter