Why are pot stocks selling off?

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A stock-market rout in late 2019, caused by worries about growth and a resilient black market, led to a cash shortage. With little access to debt, many marijuana businesses were forced to sell their cultivation sites and lease them back at sky-high rates, or to call off acquisitions already announced.

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Moreover, can a canopy recover?

Recovery potential is weak but still present

A return to high double-digit revenue growth may lift Canopy Growth’s stock price. However, Wall Street analysts currently project a low and disheartening 13.9% revenue growth for the fiscal year 2022, which ends in March next year.

Accordingly, why is MJ ETF going down? Hopes for a favorable policy outlook and improving industry fundamentals could not save the ETFs. Failure of a rapid full federal legalization with the Democratic majority in both chambers of Congress led to this slump.

Keeping this in view, will pot stocks Rise Again?

Many cannabis firms finished 2021 on a low note as inflation concerns led to a mass sell-off in growth stocks. However, analysts expect the industry to bounce back strongly in 2022. Some of the top weed stocks to buy in 2022 include Canopy Growth Corporation (NASDAQ:CGC), Tilray, Inc.

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