At this time last year, the marijuana industry could do no wrong. On Oct. 17, 2018, Canada became the first industrialized country to greenlight cannabis, which built on momentum in the United States, which has witnessed 33 states pass medical cannabis laws to some varied degree. The sky appeared to be the limit last October, with Wall Street rolling out some very lofty worldwide sales targets by 2030.
However, as you're probably aware, the cannabis investment thesis, at least in the short term, has gone up in smoke over the past seven months.
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