|Day Low/High||5.73 / 5.96|
|52 Wk Low/High||1.38 / 7.82|
These companies initially seemed to believe that regulators and law enforcement would drive out the illicit market dealers. That hasn't happened.
These companies didn't make it any easier on themselves this year.
I thought the sector might have been bottoming out, but it's not.
This group appears oversold and downgrades of the big cannabis names may trigger a "buy the bad news" reaction.
Is this cannabis name a long-term winner or a one-hit wonder?
This $12 billion industry could rise to around $630 billion over time, according to Seaport analysts.