Investors are spending hundreds of millions to short cannabis stocks, despite huge losses

Investors are spending hundreds of millions to short cannabis stocks, despite huge losses

Investors are pumping more money into shorting pot stocks, despite the fact that doing so has resulted in estimated year-to-date losses of US$892 million, according to a U.S. firm that specializes in short-selling research. Ihor Dusaniwsky, managing director for predictive analytics at S3 Partners, says his data show investors have spent US$1.4 billion shorting cannabis…

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