March is the beginning of “pot smoking season.”
This is when we see sales spike, especially in Colorado. And we enter the busy season for the industry that stretches all the way to September.
But so far, March hasn’t been kind to anyone… especially cannabis companies.
The North American Marijuana Index fell more than 6% earlier this month…
On top of that, we had a number of headline moves – including that pervasive trend of mergers and acquisitions.
It demonstrated how incestuous the industry is.
Aurora Cannabis (NYSE: ACB) bought Cronos Group’s (Nasdaq: CRON) 19% stake in Whistler Medical Marijuana Corp. for $131.4 million.