Cannabis and the stock market correction

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.

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