US Marijuana stock plummet due to Economic Challenges
US marijuana stock plummet due to Economic challenges. The fierce bear market gripping U.S. marijuana stocks looks set to continue – barring a major legislative surprise from the halls of Congress. Publicly traded cannabis companies have seen their stock prices plunge by as much as 70% since early February 2021, largely reflecting the lack of progress in passing some form of legislation to reform the nation’s marijuana laws. A variety of economic factors are exacerbating the negative investor sentiment, including: A slowdown in revenue growth in key state marijuana markets. Rising inflation. Tight capital. Recession fears. The war in Ukraine,…