Marijuana Stocks and Indices on a Downtrend

Marijuana Stocks and Indices on a Downtrend

Pixabay / geralt / CC0 Public Domain

Major cannabis stock indices have been falling for three consecutive weeks, ever since White House Press Secretary Sean Spicer suggested the federal government would enforce federal law in states where recreational weed has been legalized, despite the Cole Memo.

Some have referred to this slope as the Spicer Effect; others calling it the Sessions Storm. No matter what name we give it, one thing is clear: Cannabis markets have slowed down.

But, is this tumble really justified?

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