Bar, >> never chase fads whether it be marijuana or EVs <<
Actually the 'stoner stocks' may have finally put in a bottom. Still early, but the stars and planets could be aligning. The FDA just came out in favor of re-scheduling cannabis from Sch 1 to Sch 3, Germany just legalized recreational use, and both Dem and Rep leadership in the US want to see regular bank type funding for the cannabis industry. Meanwhile, for better or worse, psychedelics are rapidly being legalized as 'medicinal treatments'.
The Libertarian side of me says OK, but because this push toward broad legalization and acceptance is coming from what we used to call 'The Establishment', it's hard not to suspect a malevolent motivation underlying it all, beyond the usual profit motive. Anyway, if Ben Graham was around today, with his 'last puff' brand of extreme value / vulture investing, he would likely be kicking the tires and looking for values within this devastated sector.
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