Peak pot? Thick haze dulls hype around cannabis startups

High prices aid black market
Deutsche Welle (Germany)
Monday, December 16, 2019

cannabis investingThe hype around cannabis startups in recent years intoxicated many investors. But poor balance sheets and plummeting share prices has made the comedown hard to stomach. By October, it became clear the hemp bubble had burst with quite a bang. The market has lost at least $35 billion in value since March and one firm, Aurora Cannabis, has been hit especially hard. The Canadian producer's shares have plummeted 60% over the past few months. Last year's gains, where some stocks rose 400% in a month, are now just distant memories.