Commentary Two out of three Americans live in a state that has approved the sale of recreational cannabis. The Democrats control the White House and the Senate. And American support for cannabis legalization is at an all-time high. It’s a ground-floor industry that has an immense addressable market, with HUGE tax revenue potential. And despite all this, pot stocks are in the tank… Think about that for a minute. The sector’s problems don’t stem from their companies’ business models. And they’re certainly not because of their products. The struggle in the cannabis industry stems from something else. And because of that, they will likely end up being the bargains of the century. The Problem With Cannabis Isn’t Pot When my partner Bob Byrne and I began meeting with private cannabis companies in 2014, we never thought we’d see the day when cannabis was legalized in 37 states (for recreational or …
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