2022 has not been kind to the stock market in general and the cannabis stock market in particular. U.S. cannabis stocks suffered a 20% rout in January, tumbling more than the broader market as hopes for federal marijuana legalization in the near future continued to fade.
Cannabis specific issues in play:
*Retail revenue growth has slowed in several key US markets and turned negative in Canada.
*Cannabis stocks are fighting against a rising rate induced sector rotation out of “growth” into “value.”
*Observers have largely capitulated on hopes for federal legalization.
*California continues to look disastrous for a large swath of competitors in 2022.
At least two large Canadian cannabis companies have been notified by the Nasdaq that their shares are too cheap and no longer meet the stock exchange’s listing standards.
During the pandemic, interest in special purpose acquisition companies (SPAC) soared, as private cannabis-related businesses looked to these blank-check companies for quicker, easier access to public markets and the funding that comes with it.
But two years later, the sparkle seems to be dimming.
Show Notes:
Is There Any Port In This Storm?
https://www.viridianca.com/chart2
US cannabis stocks tumbled in January, exacerbating issues confronting industry
https://mjbizdaily.com/us-cannabis-stocks-tumbled-in-january-exacerbating-issues-confronting-industry/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 887 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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