Sell-Off in Marijuana Stocks Was Overdone
To say pot stocks have been under pressure is an understatement.
In February, marijuana stocks were flying high after traders from the “Reddit” forum “WallStreetBets” pumped up the pot sector with frenzy buying. Those investors powered pot stocks to some of their highest levels since the legalization of recreational pot in Canada in October 2018.
But the growth path for marijuana companies has been riddled with bumps, including disappointing sales, regulatory issues, and the COVID-19 pandemic…
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