It's Official: Canadian Pot Growers Are Cutting Output
One year ago, there weren't many investments hotter than cannabis. Our neighbor to the north, Canada, had just launched recreationally legal weed sales two weeks prior (Oct. 17, 2018), and Wall Street's sales estimates for North American cannabis were steadily rising.
But oh, how times have changed.
Despite regulations for Cannabis 2.0 that went into effect two weeks ago, on Oct. 17, Canadian pot stocks have been pummeled for seven consecutive months. However, the bigger issue is that supply constraints in Canada are beginning to be felt at the individual company level.
Source Fool.com
