Summary
After years of riding on ever-rising profits, the world’s biggest cannabis companies recently lost nearly $10 billion in investments. What’s happening, and does this signal a longer bearish run?
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Some of the largest cannabis stocks plummeted nearly 40 percent this week, due to the North American scare surrounding the vaping associated pulmonary illness (VAPI), lower-than-expected quarterly performances, and chronic uncertainty regarding future investments, returns, and regulatory changes.
Canada’s federal cannabis program, which is largely operated by five companies, saw a total market loss of $23 billion since September 2018, according to the Wall...
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