As of today, the large capitalization S&P 500 Index is now 19% off its Feb. 19, high; the smaller cap Russell 2000 Index is officially in a bear market at 26% off its Jan. 17 high, and the 10-year treasury yield is only 0.86% versus the 2.63% yield one year ago.
The average cannabis stock that we track is down 76% from its 52-week high.
What does this all mean for cannabis investors and executives?
Stocks down, but underlying business and long-term thesis intact
There is a big difference between the performance of the cannabis stocks and the underlying cannabis businesses.