 Will cannabis stocks ever explode the way the tech bubble did in the early days of the internet?
One insider thinks so. Jason Wild is the Executive chairman of multi-state operator TerrAscend. He said, “I think that is going to happen here. And, it’s happening now. It’s like we’ve been saying internally – the environment right now is so bad that it’s good.” Wild looks back a the hottest tech stocks prior to the tech bubble, and points out that the hottest stock at the time was AOL. However, several years later, the real stock giant turned out to be Google, which was a company no one had heard of five years earlier. Wild said cannabis companies should be focused on their sustainability at this time. And investors would be wise to pay close attention to that, as well. After all companies that can be sustainable are going to have many opportunities to increase the size of their business in the future. And while no one knows for sure who will end up being the future’s biggest cannabis stock winner, one thing is for sure: whoever it is will have to be showing now that they have the financial sustainability to make that long journey ahead. Comments are closed.
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