Apparently, cannabis is going down in flames. Australian government is dragging their feet with licensing to grow. Guess investors in Canada also don`t like it that you can get a 14 year prison sentence for selling marijuana to minors (once recreational use becomes legal) - the Canadian lawmakers are obviously not seeing marijuana in the same light as alcohol. Maybe some of that pessimism is spilling over to the Australian market, however, the Australian situation is very different and I think the pessimism is unwarranted for Australia.
MXC Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
