This has been a roller-coaster year for cannabis stocks, a signal that investors are assessing the opportunity more critically than they have in the past.
A strong start, with New Cannabis Ventures’ Global Cannabis Stock Index (GCSI) rising 64.7% – albeit with volatility – through March 21, gave way to a decline of 32% through July 25.
But even with this decline, the GCSI is up 12% for the year.
There are some key events/drivers that are material to this correction.
