2 Signs That the Cannabis Bubble Has Burst

Pot stocks have been struggling this year, and there's little reason to believe there will be a recovery happening anytime soon. Cannabis companies ballooned to significant valuations and, although it seemed inevitable that a correction would take place, their values continued to skyrocket. Now, however, there's growing evidence to support the idea that the cannabis bubble has in fact burst. Below are two reasons why there's little doubt that attitudes on the industry have changed.

Sales growth used to be able to drive share prices up in the cannabis industry, but that's not the case anymore. This is a development that's been evident for months now, especially with marijuana stocks cratering this year. One of the better examples of this is Aurora Cannabis (NYSE: ACB):