10 Worst Performing Marijuana Stocks in 2018
Marijuana stocks reportedly failed to deliver in 2018, despite numerous milestones seen across this growing industry- the Farm Bill, legalizing hemp and hemp-based cannabidiol oil in the U.S, were all signed into law allowing for legal growth in the industry. Further, the U.S. Food and Drug Administration approved the first cannabis-derived drug, and Canada became the first industrialized country in the world to legalize recreational marijuana.
Despite these incredible strides, some pot stocks were down close 50% at the end of 2018, according to an article in Motley Fool in January.
The following is a list of 2018’s 10 worst-performing marijuana stocks, in descending order, according to that report.
- Namaste Technologies (NASDAQOTH:NXTTF): down 75.2%
- Wayland Group: down 67.6%
- Insys Therapeutics(NASDAQ:INSY): down 63.6%
- Aphria(NYSE:APHA): down 61.3%
- Radient Technologies: down 60.7%
- Liberty Health Sciences: down 58%
- VIVO Cannabis: down 57.7%
- Emerald Health Therapeutics: down 51.5%
- Auxly Cannabis Group(NASDAQOTH:CBWTF): down 51.5%
- Medical Marijuana, Inc. (NASDAQOTH:MJNA): down 50.1%
The White Law Group is investigating claims that financial advisors over-concentrated investors in these stocks causing enormous losses.
Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim. Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes.
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Tags: Aphria, Auxly Cannabis Group, broker fraud attorney, complaint, Emerald Health Therapeutics, Insys Therapeutics, investigation, investment fraud attorney, lawsuit, Liberty Health Sciences, marijuana stock class action, marijuana stock losses, Marijuana stocks 2018, Marijuana stocks biggest losers, Medical Marijuana Inc., Namaste Technologies, pot stocks 2018, Radient Technologies, Securities Attorney, VIVO Cannabis, Wayland Group Last modified: February 20, 2019