Sugarmade Inc (SGMD)

[x100xPercent]

News about MJ legalizing and other similar news positive for marijuana effects both US and Canada. It's not really about company fundamentals as much as it is just volume coming into the MJ sector as a whole. No doubt there will be more buying in the Canadian markets with Canadian news and maybe higher gains for some select Canadian companies, but such news will bring volume into the entire sector and be good for all stocks even if they don't have any real or direct way to benefit from whatever law is being passed.

If you see it more simple such as this way, the decline in MJ stocks that has been going on should make more sense to you as well. The market moves when there's volume, and most stocks within the sector or on that exchange will be affected by the overall volume. Even the best companies with best potential/growth/revenues or whatever are completely slave to the market and the economy.