The marijuana industry has broken down multiple barriers in 2018. In no particular order, we’ve witnessed:
- Canada become the first industrialized country to legalize recreational marijuana, opening the door to billions of dollars in added annual sales.
- Two new states (Missouri and Utah) approve medical cannabis, with two more states (Vermont and Michigan) giving the green light to adult-use pot.
- The U.S. Food and Drug Administration approve the very first cannabis-derived drug in June.
- Around a half-dozen over-the-counter-listed pot stocks uplist to major U.S. exchanges.
And this is just a partial list of the cannabis industry’s accomplishments in 2018. In sum, it’s been a year of gained legitimacy for an industry that had been viewed as highly taboo just a few years prior…
These pot stocks could take it on the chin in 2019
But, as investors, we’re also acutely aware that not all marijuana stocks can be winners. Ultimately, this is a budding industry with strong growth potential that’s bound to run into a few speed bumps along the way. And when those hiccups arise, some marijuana stocks could really take it on the chin. Here are two pot stocks that could come crashing down in a big way in 2019…
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