For years I’ve told clients to avoid investing in cannabis stocks at all costs. I told them that it’s basically a Ponzi scheme. I told them the valuations made no sense regardless of whether Bloomberg or any other investor “news” publication told them otherwise.
Now, the same news agencies which just a few weeks ago were reporting the golden era of Big cannabis and the “impressive” performance of the public cannabis stocks, have been forced to admit the truth.... it’s all a bunch of hot air and has been so from the beginning.
They didn’t report the truth. They reported what they were paid to print.
Read more here: