After six straight months in the red, Rich is ready to call it “a blood bath” for cannabis stocks. Despite the downward trend, he maintains that this presents a unique buying opportunity for investors waiting on long-term industry growth.
The Canadian Marijuana Index peaked in mid-March at about $110.67. Since then it has steadily and consistently trended downwards, reaching $51.70 as of this morning. Industry analysts keep hoping that the sector has found a bottom, but unfortunately it shows no immediate signs of turning around.
Still, some cannabis stocks are showing growth. With red ...
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