The cannabis industry has been an absolute beast for investors since Marijuana Mania kicked into high gear at the beginning of 2016. Had you had the foresight, luck, and intestinal fortitude to buy into either Aurora Cannabis, Canopy Growth, or Cronos Group at the beginning of 2016, you’d have been rewarded with returns of close to 2,000%, nearly 3,500%, and over 7,000%, respectively.
While not all cannabis gains have been this impressive, the fact is that you could nearly have thrown a dart at any marijuana company with a share price of $1 or higher in 2016 and come out substantially ahead today.
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This pot stock has cost investors, dearly
Of course, this isn’t the case with all marijuana stocks. Pot stocks with a sub-$1 share price haven’t fared so well over the past three-plus years. Penny stocks are often penny stocks for a reason — i.e., they carry higher inherent risks, relative to better capitalized and/or more established businesses. Quite a many penny stock and microcap in the cannabis landscape has gone up in smoke.
There is, however, one marijuana stock with a respectable market cap ($300 million, currently) that has been an absolutely train wreck for investors since the start of 2016. Whereas most non-penny pot stocks would have