No hope in hell !For years, marijuana stocks could no wrong. But that's not the case any longer. Now that recreational pot is legalized in Canada, promises don't hold the clout they once did with Wall Street and investors. Rather, investors are looking for rapidly growing sales and an improvement in the bottom lines of all marijuana stocks. In many instances, pot stocks have failed to deliver.
Perhaps, then, it's no surprise that the best-known weed stocks have lost 30%, 50%, or maybe even more of their value, over the past 6.5 months. Short sellers -- investors who make money when a company's share price falls -- have certainly been happy.
Interestingly, though, short sellers haven't been adding to their positions in most marijuana stocks. This might signal that a period of peak pessimism has passed for a majority of the industry. However, there are four cannabis stocks that short sellers continue to pile into.
