US and Canadian listed cannabis stocks have been on fire since early 4th quarter of 2017. One catalyst after another has led to stock price appreciation not since 2014 when Colorado implemented the world's first recreational cannabis laws.
Last week, Attorney General Jeff Sessions hinted at a shift in marijuana enforcement, just weeks after signalling he would continue Obama era policy regarding cannabis law. This series of flip flopping left cannabis industry activists and investors alike dazed and confused. Considering the market is a psychological beast, speculation seemed to favor a substantial move lower in cannabis stocks for both US and Canadian stocks in the days following Session's comments .