Marijuana stocks’ performance is often subject to what is happening in the cannabis industry. In the last couple of years, the cannabis industry has seen significant change and innovation both in the U.S. and internationally.
Currently, more than half of U.S. states have legalized marijuana in some form, and the more legalization occurs, the more advancement can be had in the industry.
However, with the rise of inflation and disturbance that have hit the Nasdaq, pushing stocks officially into bear territory, marijuana stocks also lost a lot of ground. The three primary players on average lost 77% of their market cap in the last 12 months.