Themes

Benjamin Graham said, “In the short run, the market is a voting machine, but in the long run it is a weighing machine.” We are in a period where cannabis companies’ successes are not being recognized. While frustrating, this presents ideal conditions for accumulating assets and building portfolios.

November was a wild month for cannabis stocks. Despite pockets of optimism, we closed with back-to-back brutal days and ended down -4.94% for the month. Misery loves company, and the MSOS ETF, American Cannabis Operators Index and Russell 2000 all suffered as well.