Marijuana stock bubble explained using Google Keyword tool
I stumbled upon my online course powerpoint presentation. I found interesting slides where I showed people how recent event – cannabis legalization, increased media hype and the fundamental attribute of low float stock led by greedy and impulsive traders inflated marijuana stock prices.
I will show in this video how google searches increased during the time when Colorado made cannabis legal in the state.
Many still looking at cannabis industry and stocks and I agree that long term this industry should grow more and in my opinion it is just starting to mature.
But undeniably there was bubble made. Media coverage, greedy traders and low float stocks. The recipe for disaster. Watch video and find out how herd mentality led to this bubble and what happened next.