cannabis stocks canadaIf you’ve invested your money in November or December then you may have enjoyed a nice return in the cannabis stock market.

Unfortunately for most who have invested since the beginning of January have probably seen less of a return or even a substantial loss.

Today the cannabis stock market plunged setting some stocks two months ago. This drop shows the real volatility when investing in cannabis. Many investors are optimistic that when marijuana legalization comes all stocks will jump.

This has been a pretty rough week for the pot stock market especially in the last couple days.

For example, Cronos Group Inc which is one of the more popular stocks had doubled in the month of December but ended the day at $7.74. Quite the drop from $13.68 less than a month ago.

Cannabis giants such as Cannopy, Aphria and Aurora also had significant drops around 12%$ while Namaste Technologies which is a cannabis technology company took the biggest hit dropping over 20% in 1 day (February 1, 2018).

While some may be hesitant to invest in the cannabis sector others believe it’s the perfect time to buy as prices will eventually increase as this downswing is nothing new as prices have yo-yo’ed over the last month of January 2018.

Analysts are saying to be cautious when investing as first time investors may be buying during peaks and not to act too quickly when drops occur as they may continue for the next week(s) to come as the cannabis market corrects itself.

If you’re looking to invest in marijuana stocks, i’d recommend following the Canadian marijuana index which will give you an idea on top cannabis companies and trends. Below is a snap shot from February 1st, 2018. 

cannabis stocks 2018