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3 Cannabis Stocks Down More Than 12% Over the Past Month -Breaking

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© Reuters. 3 Cannabis stocks have fallen more than 12 percent in one month

More players are entering the space because of recent progress made by the cannabis industry in legalization. But given the sector’s intense competition, not all cannabis operators are well-positioned to capitalize on the industry tailwinds. We believe it is better to avoid fundamentally poor cannabis stocks HEXO, FLGC and Neptune Wellness. In October, these stocks saw a drop in value of more than 15%. Continue reading. The legalization in many states of recreational cannabis has helped the U.S. marijuana industry to grow. There is also a shift in consumers’ preference for innovative cannabis products. There are concerns about marijuana use among adolescents due to the potential health effects. The U.S. Food and Drug Administration still has not approved marijuana as a treatment of cancer or for any other medical conditions.

Several challenges, including restricted access to capital and a stigma surrounding cannabis use, could impede the industry’s growth. However, cannabis laws are becoming increasingly favorable to the cannabis industry and more people are entering it, which makes the sector more competitive. Not all operators of cannabis are capable of surviving in a highly competitive marketplace.

It is possible to stay away from cannabis stocks HEXO Corp.(HEXO), Flora Growth Corp.. (FLGC), or Neptune Wellness Solutions Inc.. (NASDAQ:). These stocks have weak fundamentals. The October price declines of these stocks exceeded 15%.

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