10 Worst Performing Marijuana Stocks in 2018
Marijuana stocks reportedly failed to deliver in 2018, despite numerous milestones seen across this growing industry- the Farm Bill, legalizing hemp and hemp-based cannabidiol oil in the U.S, were all signed into law allowing for legal growth in the industry. Further, the U.S. Food and Drug Administration approved the first cannabis-derived drug, and Canada became the first industrialized country in the world to legalize recreational marijuana.
Despite these incredible strides, some pot stocks were down close 50% at the end of 2018, according to an article in Motley Fool in January.
The following is a list of 2018’s 10 worst-performing marijuana stocks, in descending order, according to that report.
- Namaste Technologies (NASDAQOTH:NXTTF): down 75.2%
- Wayland Group: down 67.6%
- Insys Therapeutics(NASDAQ:INSY): down 63.6%
- Aphria(NYSE:APHA): down 61.3%
- Radient Technologies: down 60.7%
- Liberty Health Sciences: down 58%
- VIVO Cannabis: down 57.7%
- Emerald Health Therapeutics: down 51.5%
- Auxly Cannabis Group(NASDAQOTH:CBWTF): down 51.5%
- Medical Marijuana, Inc. (NASDAQOTH:MJNA): down 50.1%
The White Law Group is investigating claims that financial advisors over-concentrated investors in these stocks causing enormous losses.
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