3 Red-Hot Cannabis Trends That Have Fizzled Out
For years, there wasn't a hotter industry on Wall Street than marijuana. Reminiscent of the dot-com boom of late 1990s and early 2000s, a blindfolded investor could throw a dart and have chosen a winner. Promises of expanded capacity, international exports, and acquisitions often proved more than enough to send cannabis stock valuations into the stratosphere.
But the thing about next-big-thing investments is they all need time to mature. Over the past 16 months, the pot industry has hit one heck of a speed bump, and the vast majority of cannabis stocks have lost a significant amount of their value.
What's more, we've seen three of the hottest trends within the marijuana industry completely fizzle out, at least for now.
Source Fool.com
