What's wrong with cannabis stocks today?My understanding about the market behavior today in a nutshell: There is a worry in the market about the marijuana industry, worrying about oversupply in Canada and pricing pressure persists.
The positive news that Ontario is planning to increase the number of stores authorized to sell cannabis, in case legalization doesn't happen federally in U.S fast enough.
Is the sale in both US & Canada enough to soak up the oversupply? Otherwise prices & profit will fall.
In my personal opinion, the market worries and concern affects the big four majorly. I think ZENA is placed in a much better position.