"Companies need to close, funding needs to dry up, mergers must occur. Until then, these stocks are now sell-in-the-strength detritus,” the “Mad Money” host says. “I worry that maybe the equilibrium price for cannabis is much lower than we’d thought it’d be, and that’s a major change,” he says."
Bubble has burst and funding is tough to impossible for wannabees. I suspect the merger action is about to hot up to avoid some liquidations. NB- I am not commenting on CAN just the sector!
