RE:RE:RE:RE:RE:RE:another 1.1 million to chew throughyou are forgetting that most weed stocks are firstly still penny stocks and even the big ones like ACB , Canopy and whoeverelse are still very far away from being mainstream investments, and secondly retail investors who invest in such stocks have usually a higher risk tolerance and dont put a lot of money in these stock. additionally, institutional investors do hardly invest in such small stocks, they are the minority of shareholders - all in all id say that the performance of penny/weed stocks is hardly correlated to the overall market sentiment, news releases and shareholder communication play a much bigger role and are much bigger market movers. plus in regard to cannabis stocks, legal progress/ news regarding legalisation and hemp regulations are also major market movers - the whole run of the weed stocks last autumn was mostly caused by news regarding legalisation.
if fear really had played a role in the recent performance of weed/penny stocks we would have seen much more volume in terms of selling (and also buying!) and in general much more volatility, but since the decline since january was pretty steady and the trading volume so low, its pretty sure to say that it was mostly caused by impatient share holders who expected GHG and other similar stocks to reach 400$ by mid february and a few short sellers and the lack of news which helped to boost the impatience of some shareholders.