Heard on the Street: Troubled pot industry shows its pick-and-shovel trades
Shareholders in cannabis stocks have lost money lately.
Companies that “touch the plant”—those that cultivate and sell pot, such as Cronos Group and Green Thumb Industries—have shed up to 50% of their market value over the past six months, as worries grow about profitability in the sector and the resilience of black-market sellers in legalized...
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