Cannabis stocks have had a harsh comedown this year as investors' enthusiasm about the prospects for strong growth and blockbuster company mergers dimmed.
When it comes to investing in cannabis stocks, theCannabis stocks have had a harsh comedown as investors' enthusiasm about the prospects for strong growth and blockbuster company mergers has dimmed.
"The big issue there has been an issue of oversupply," said Canaccord Genuity analyst Bobby Burleson."This last earnings season you saw companies struggling from excess supply and shortfalls in demand." The Department of Justice is still reviewing several proposed deals that were announced late last year and early this year for possible antitrust concerns.
Government regulations remain hurdles for companies in the business of growing, distributing or selling cannabis. Still, industry analysts project the market for marijuana products will continue to grow over the next decade, which should bode well for cannabis stocks.
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