be a lot of money lost chasing alpha."
More from Cannabis
Right now they are speculative growth stocks through and through.
The passage of the 2018 Farm Bill has ushered in an explosion of hemp-based cannabidiol (CBD) products.
The company's first move into the cannabis space is in a joint venture with medical marijuana research company Emerald Farms.
With cash levels high, those players who are not well-positioned for upside action are scrambling to put money to work and are helping to propel prices higher.