Cannabis stocks reverse losses as report finds most Americans favor decriminalizing all drugs
https://www.morningstar.com/news/marketwatch/20191002472/cannabis-stocks-reverse-losses-as-report-finds-most-americans-favor-decriminalizing-all-drugs "Valuations on a select group of cannabis companies are starting to look appealing at these levels," said Korey Bauer, portfolio manager at the Cannabis Growth mutual fund from Foothill Management. But investors should be "very selective" in the sector at this time, he added.
"Sentiment clearly is negative," he said, citing the vaping-related lung disease that has sickened people across the country and the increasing difficulty in accessing capital.
"The sector is (being) driven purely by retail investors. Retail panic is creating opportunities for active managers like us," he said.
This last statement says it all.....