Uncovering the Truth Behind The Global Cannabis Industry Slump

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With stocks in the cannabis industry climbing to record highs at the end of last year, 2019 was supposed to be the most prosperous year yet for the cannabis industry. Adult-use cannabis had become legal in Canada and medical legislation was creeping across the globe, driving press coverage and investor confidence to all-new heights. However, 12 months later, shares in major cannabis stocks have reached a nine-month low, and no imminent legislative decisions or major industry deals look capable of reversing the crash in the short-term. As we approach the close of the year, we examine whether the industry faces a burst bubble or a market correction