The Honeymoon’s Over for Cannabis Investors in 2020
What should you be on the look out for when it comes to cannabis stocks in 2020? Quartz reports that the 2019 shock to cannabis industry investors was a wakeup call that will affect their investing habits in 2020.
2019 saw collective losses of over $25 billion to the six largest publicly-traded cannabis companies, leading to a fall in the Marijuana Index of 63% after April this year. A range of factors, from new regulations and taxes to an expected market correction are being blamed for the dive of cannabis stocks.
There is still hope for 2020 though, with new edible, vape, and topical products hitting shelves in Canada’s cannabis market, and a hope for new banking legislation in the US. And of course the 2020 US election (where anything can happen) will have an impact on the cannabis industry one way or another.
Original Story: https://qz.com/1770718/cannabis-stocks-policy-and-science-to-watch-in-2020/