Capitalizing On Cannabis: A Volatile Month Caps A Wild Year In The Sector
This will be my last monthly review of the cannabis sector this year. As I pointed out three months ago, the stocks no longer move in tandem as investors are beginning to differentiate between the business models and reporting practices of the companies in the space. For those new to the whole idea of investing in cannabis-related stocks, 2013 has been quite the year. Following the 2012 elections in Colorado and Washington which set the stage for legal marijuana in those states in 2014, investors poured into the sector, fueling an explosive rally that peaked in February. The bubble deflated over the next six months, but a remarkable reversal of opinion by CNN’s Sanjay Gupta regarding the potential benefits of medical marijuana followed by clarification regarding state implementations from the Department of Justice in August helped resurrect interest in the sector. I have written extensively since February on the sector, and you can access a complete list of what I have written.
As I indicated, the last month has been very volatile. The following table highlights the dramatic price changes in both directions since late November:
Source: http://ab.typepad.com/ab_analytical_services/2013/12/capitalizing-on-cannabis-a-volatile-month-caps-a-wild-year-in-the-sector.html
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