Customers rushed to stock up on cannabis as states imposed stay-at-home orders, but a protracted loss of foot traffic in stores would hurt.
Buyers of the beer and wine seller's shares have become more aggressive.
State becomes 10th to sell recreational marijuana.
These 'bearish bets' are showing both technical and quantitative deterioration.
This group appears oversold and downgrades of the big cannabis names may trigger a "buy the bad news" reaction.
The producer of alcoholic beverages offers mixed technical signals, though trading volume in the shares has been diminishing this year.
Black-market vaping has made the entire cannabis group toxic.
Agency has the authority to carve out an exception to existing laws.
There has been some recent consolidation and accumulation in the cannabis stock that could be setting the stage for an upside move.
Let's see how the charts of GWPH are shaping up.