The stocks were overvalued by idiots who don’t understand cannabis is a commodity that is extremely easy to grow, with virtually zero barriers to entry. Canada

The stocks were overvalued by idiots who don’t understand cannabis is a commodity that is extremely easy to grow, with virtually zero barriers to entry. Canada has or had a massive surplus of cannabis. Black market weed is expensive because every step in the chain adds a risk premium to account for the legal risk of possessing and selling cannabis (and the physical risk of being robbed, etc). If it’s legal, that risk premium evaporates and the price (and profit margin) goes way down.