The nationwide coronavirus outbreak could set back cannabis legalization efforts along the East Coast and elsewhere, raising further questions about the launch of lucrative new adult-use and medical markets in New York and other states.
Cannabis sales are currently brisk at many California marijuana shops as consumers stock up over the fear MJ retailers could shutter indefinitely – but even so, the business fallout surrounding coronavirus has pushed some California MJ firms closer to the brink.
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?
