The Bull: “After early high, a rude awakening for cannabis stocks in 2019”By admin_45 in IN THE NEWS
Excerpt from The Bull quoting DataTrek's Jessica Rabe:
.... "In Canada, “the first year was plagued with slow store rollouts, trouble competing with the black market, supply shortages, varying regulations across provinces and restrictions on the types of products that could be sold,” DataTrek co-founder Jessica Rabe said in an analytical note...
....Rabe says marijuana is still selling well in Colorado, which in 2014 became the first US state to legalize its recreational use.
And its performance there “shows why there was so much initial investor enthusiasm,” she said.
“The problem is that they got ahead of themselves, not fully appreciating all the regulatory challenges between patchwork state frameworks and slower-than-anticipated legalization on a state-by-state basis"....
Read the full article here in The Bull!