These 5 Marijuana Stocks Lost a Combined $193 Million in 2016

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These 5 Marijuana Stocks Lost a Combined $193 Million in 2016

Flickr / 401(K) 2012 / (CC BY-SA 2.0)

Over the past year, marijuana stocks have been practically unstoppable — and for good reason. For starters, the dollar figures behind the legal cannabis industry are scorching hot.

But they also come with a big fundamental catch.

Though some of the top performers have been cannabinoid-based drug developers, they’re also among the companies losing the most money on an annual basis. In reality, these companies have a lot to prove to earn their current valuations.

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