February 20, 2019 Comments (0) Blog, Current Investigations, Securities Fraud

Marijuana Stocks: 10 Biggest Losers in 2018

Marijuana Stocks: 10 Biggest Losers in 2018, Featured by Top Securities Fraud Attorneys, The White Law Group

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.

  1. Namaste Technologies (NASDAQOTH:NXTTF): down 75.2%
  2. Wayland Group: down 67.6%
  3. Insys Therapeutics(NASDAQ:INSY): down 63.6%
  4. Aphria(NYSE:APHA): down 61.3%
  5. Radient Technologies: down 60.7%
  6. Liberty Health Sciences: down 58%
  7. VIVO Cannabis: down 57.7%
  8. Emerald Health Therapeutics: down 51.5%
  9. Auxly Cannabis Group(NASDAQOTH:CBWTF): down 51.5%
  10. Medical Marijuana, Inc. (NASDAQOTH:MJNA): down 50.1%

Free Consultation

The White Law Group is investigating claims that financial advisors over-concentrated investors in these stocks causing enormous losses.

Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes.

If you are concerned about your investments, please contact The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in claims against their brokerage firm.

For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.

 

 

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