Pervasip Corp (PVSP)

[Bjones2]

Nothing to do with any of that, LOL

2022 was the Worst Year Ever for Cannabis companies with Huge price crash from over supply, even while usage actually increased.

Cannabis ETF (MSOS), an actively managed fund focused on domestic multi-state operators, is down 72% in 2022. Two of the largest U.S. cannabis suppliers, Curaleaf (CURLF) and Cresco Labs (CRLBF), are down 57% and 73% this year.

Cannabis has never been so popular, or so cheap. Yet just over half of American adults have never even tried it, providing lots of room for future growth as that percentage shrinks.

Unfortunately for cannabis suppliers, too many of them have invested in this premise, leading to severe oversupply and a crash in prices.

Congress and the federal government may eventually lift the federal prohibition that has cost the industry dearly.

We will get there just going to take longer than many expected.