Pot Stocks Slide As Canada Debuts Legal Weed Sales
Today was the first day that cannabis is legal thoughout a G7 country.
Canada became fhe first nation of that group to legalize pot. Sales started at midnight.
Pot stocks pulled back on the first day of trading. This is classic sell on the news. Those stocks had a pretty good run up in anticipation of the legalization.
Click on image to read full article.
Good time to buy
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So, where are they sourcing this legal weed? Is it still supporting the cartels in latin america? Or, is part of the law that it needs to be homegrown .
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Pot stocks are alone in a tiny bubble like situation. Not like they're big enough to trigger anything, but investing in them when market cap 500x revenue is incredibly witless!
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