FYI: It's been a rough summer for cannabis.
Stock prices for several marijuana companies have plummeted due to worse-than-expected revenues from sales of legal cannabis in Canada and various corporate scandals.
Over the past three months, the ETFMG Alternative Harvest ETF (MJ) has fallen 21%, while the AdvisorShares Pure Cannabis ETF (YOLO) has fallen 23%. Meanwhile, the SPDR S&P 500 ETF Trust (SPY) rose 3% over the same period:
Regards,
Ted
https://www.etf.com/sections/features-and-news/marijuana-etfs-slide-rough-summer?nopaging=1
