What the above story says is exactly what I anticipated what would happen in the marijuana industry. Competing with the black market is a lose-lose situation as we can see most of the pot-related stocks are being crushed in price.
Many pot stocks are controlled by crooks and have stopped trading. It’s just weed folks, nothing more, and anyone can ask a friend and can get some.
There is very little difference between the Tulip Mania and the Cannabis Mania, as both of them are plant-based.
In another 2 years or more, I can see marijuana investments flat-line never to rise again as once they get burned they run away as fast as they can.