RE:RE:RE:I CALLweed stocks are definitely going up in smoke!
Feeling sorry for anyone holding any of the cannabis space right now.
Majority of the IPO's were scams and none of these companies seem to be able to pull a profit. Many spent ridiculous amounts of money recklessly on marketing and advertising and now shareholders are taking the blunt end of it as they come back down to fair evaluations.
Its NOT a sector or space I wish to touch UNTIL talk heats up about American Legalization at which point we may get a Cannabis 2.0 surge but I dont expect to see any of that prior to 2020 Election. Expect consolidation and more blood in the streets until that transpires.