Cannabis Short Interest Takes a Dive – 24/7 Wall St.

  • Cannabis stocks in general stumbled in the latter half of last year.
  • In the United States, high state and local taxes took a toll on sales, as did the lack of federal legalization of marijuana for either medical or recreational use.
  • While a fair number of these companies are based outside the United States, many of them trade on U.S. indexes.
  • The May 15 short interest data have been compared with the previous figures, and short interest in most of these selected marijuana stocks decreased, and in one stock incredibly.

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