just for the ones who said WE"LL BE RICH
well guess what rich boy???......at the least ya learned IT AINT ABOUT THE MONEY! . 
Most brand-name marijuana stocks have lost more than half of their value over the the past year.
Sean Williams
Oct 15, 2019 at 7:21AM
The marijuana industry is thought of as one of the fastest-growing investment opportunities on the planet. Between 2014 and 2018, global sales of legal weed more than tripled from $3.4 billion to $10.9 billion, and the State of the Legal Cannabis Markets report from Arcview Market Research and BDS Analytics calls for a near-quadrupling from 2018 levels to $40.6 billion by 2024.
This is a growth rate typically reserved for game-changing technological breakthroughs, not a plant. Nevertheless, it's played a big role in pushing cannabis stock valuations into the stratosphere.
Image source: Getty Images.
Most Canadian pot stocks have lost at least half their value over the past year
On Oct. 15, 2018, just two days prior to Canada becoming the first industrialized country in the world to legalize recreational marijuana, pot stocks would close at their highest levels, as a whole. The Horizons Marijuana Life Sciences ETF, the first exchange-traded fund with a focus on cannabis, hit $18.71 in the U.S., representing a more than doubling from when it first debuted. Suffice it to say that the future looked bright.
But over the past year, marijuana stocks have come back to Earth in a big way. As of this past weekend, the Horizons Marijuana Life Sciences ETF, which contains roughly five dozen pot stocks of various weightings, had shed 58% of its value from its Oct. 15 closing high. Keep in mind that this return includes dividends paid. Certain individual performances were even worse, with the common theme being that Canadian marijuana stocks have been taken to the woodshed.
Just how bad have things been? Here's a rundown of the trailing performance of eight brand-name Canadian cannabis stocks since their closing price on Oct. 15:
There's a not-so-technical term for this performance: Yuck!
well guess what rich boy???......at the least ya learned IT AINT ABOUT THE MONEY! .
Most brand-name marijuana stocks have lost more than half of their value over the the past year.
Sean Williams
Oct 15, 2019 at 7:21AM
The marijuana industry is thought of as one of the fastest-growing investment opportunities on the planet. Between 2014 and 2018, global sales of legal weed more than tripled from $3.4 billion to $10.9 billion, and the State of the Legal Cannabis Markets report from Arcview Market Research and BDS Analytics calls for a near-quadrupling from 2018 levels to $40.6 billion by 2024.
This is a growth rate typically reserved for game-changing technological breakthroughs, not a plant. Nevertheless, it's played a big role in pushing cannabis stock valuations into the stratosphere.
Image source: Getty Images.
Most Canadian pot stocks have lost at least half their value over the past year
On Oct. 15, 2018, just two days prior to Canada becoming the first industrialized country in the world to legalize recreational marijuana, pot stocks would close at their highest levels, as a whole. The Horizons Marijuana Life Sciences ETF, the first exchange-traded fund with a focus on cannabis, hit $18.71 in the U.S., representing a more than doubling from when it first debuted. Suffice it to say that the future looked bright.
But over the past year, marijuana stocks have come back to Earth in a big way. As of this past weekend, the Horizons Marijuana Life Sciences ETF, which contains roughly five dozen pot stocks of various weightings, had shed 58% of its value from its Oct. 15 closing high. Keep in mind that this return includes dividends paid. Certain individual performances were even worse, with the common theme being that Canadian marijuana stocks have been taken to the woodshed.
Just how bad have things been? Here's a rundown of the trailing performance of eight brand-name Canadian cannabis stocks since their closing price on Oct. 15:
There's a not-so-technical term for this performance: Yuck!
