Pot stocks are soaring and the cannabis industry is poised for 'tons of growth' - News Summed Up

Pot stocks are soaring and the cannabis industry is poised for 'tons of growth'


Publicly traded cannabis companies have reported strong sales since Canada legalized pot last October and several US states voted to approve recreational and medical marijuana use. Pure Cannabis ETF YOLO CannTrust CTST Aphria APHA Hexo HEXO AdvisorShares just launched the, an actively managed fund that invests in cannabis stocks. He's worried that cannabis stocks are going to turn out to be an investing fad like 3D printing and blockchain companies. Cannabis prices are fallingOne cause for concern: Now that more states are legalizing marijuana use, prices are dropping as competition has increased. Many of the publicly traded cannabis companies have been reporting a drop in the retail price in Canada since legalization last October as well.


Source: CNN April 19, 2019 16:52 UTC



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