From Canada to Germany, Cannabis Stocks are Going Global
The cannabis industry has been trending lower since the election with market sentiment in negative territory following the appointment of Alabama Senator Jeff Sessions as United States Attorney General.
The recent pullback has been associated with weaker-than-average trading volume and we are monitoring this trend on an industry-wide and a company-by-company basis. The lighter trading volume has had a significant affect on cannabis stocks as the average stock spread has expanded (difference between a stock’s buy and sell price) and we continue to monitor this trend closely.
Although there are several trends in the cannabis industry that leave us concerned with many publicly traded companies, we remain cautiously optimistic on specific sectors of the industry, in particular biotech and Canadian licensed medical cannabis producers.
We want to highlight some recent industry developments to provide an update on how companies are operating post-election.
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