Will Marijuana Stocks Drop or Hit New Highs
The Canadian government recently introduced legislation as Canada moves one step closer to legalizing marijuana, however the ‘high’ for cannabis stocks was short-lived. In less than a week, industry leaders such as Canopy Growth Corp. (TSX: WEED) and Aphria Inc. (TSX: APH) shed 5.8% and 14.8%, respectively, as the White House made comments to enforce Federal marijuana laws more strictly. Is this a buying opportunity, or signs of an impending bubble that is about to burst and worthy of selling into? Today, we will examine the catalysts for both the bull and bear case, and you can decide for yourself on which side you reside.
For the latest marijuana industry updates and cannabis stock analysis, be sure to check out our Marijuana Bubble Index Report.
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