Here’s the deal. We saw a bit of downside volatility in the NICI 50 index and in overall cannabis stocks last week.
It was the first real downdraft since the cannabis market turned up with the overall equity market in late December of 2018.
Whenever these downturns occur, I get a lot of questions from worried investors wondering what their next move should be and if things will turn back around.
In this case, the answer is simple: Cannabis is doing just fine, the overall market is driving cannabis stocks lower, and although I don’t know exactly when things will turn, I know for a fact that they will.
This may not be the most satisfying answer, but it’s the truth.
Let me explain just what I mean and why you shouldn’t worry…