It’s now just over a year since Canada legalized recreational use of marijuana, and Wall Street is thoroughly disappointed.
What was supposed to have been a massive killing in one of the hottest new markets has been worse than lackluster.
A much clearer, if not dire picture emerges with the culling of cannabis stocks following Q3 earnings releases.
The disastrous results show a lineup of companies who haven’t been able to come up with a good strategy for growing, packaging and distributing. They haven’t been able to make legal weed more attractive than illegal weed. Perhaps it was a bit presumptuous to simply think that making it legal would bring all weed smokers to their doorsteps….CLICK for complete article