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The First Ever Cannabis Stock Delisting May Be Imminent

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For years, the marijuana industry has had investors seeing green. That's because the potential of the legal cannabis industry has appeared to far outweigh the risks. Promises were made of substantial production, a rapid ramp up in sales, and a quick push into profitability as consumers moved into legal channels to gobble up cannabis products.

While robust expectations remain, with up to $200 billion in annual worldwide sales predicted in a decade, the actual rollout of legalized marijuana in Canada and in select U.S. states hasn't exactly gone to plan. In Canada, supply issues have been persistent since recreational sales launched more than 11 months ago. Meanwhile, in the U.S., a combination of oversupply and exceptionally high tax rates in certain legalized states have encouraged black-market producers.

In short, things have not gone well, and that's been reflected in marijuana stock valuations over the past six months. But things could be about to go from bad to worse with the very first delisting from a major exchange possibly being imminent.

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sjk
19 days ago
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This and WeWork are why stoners should not run corporations.
Florida
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Deer Crashes Wedding And Brings Newlyweds Pure Joy

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deer funny wedding photos

It's every photographer's dream to capture something pure, magical, and unordinary! Laurenda Marie, the incredible photographer behind this wedding shoot, was able to capture the extraordinary moment when a deer interrupted the shoot, gunning for that delicious flower bouquet the bride was holding.

As scored on Laurenda Marie's Photography Facebook page:

Deer: 1

Bouquet: 0

Congratulations to the happy couple, Morgan & Luke, looks like you had quite an unforgettable day!

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sjk
33 days ago
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Florida
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Whoopi Goldberg Goes Off Against Demands For Blacklisting Trump’s Hollywood Supporters

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Whoopi Goldberg’s public criticism of those calling for lists of Trump's Hollywood supporters offered a much-needed critique on the entire idea of publishing blacklists.



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sjk
41 days ago
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I never thought I'd say this, but Whoopi Goldberg is right.
Florida
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Did Mark Zuckerberg Lie Under Oath About Facebook Eavesdropping Through Your Phone?

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Last April, Facebook CEO Mark Zuckerberg told Congress the social media giant was "not collecting any information verbally on the microphone," and "does not have contracts with anyone else who is." Now the story is changing.



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sjk
63 days ago
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Florida
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5 Real Medical Stories That Are Pure Skin-Crawling Horror

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sjk
65 days ago
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After reading the horror of #2, I saw the headline for #1 and said NOPE NOPE NOPE.
Florida
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Concealed Carrier Prevents Mass Shooting At Missouri Walmart

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An off-duty firefighter carrying his own concealed weapon held the armed suspect at gunpoint until police arrived.



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sjk
68 days ago
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Defense attorney: "It's just a prank, bro!" or "It's a social experiment, bro!"
Florida
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