So cannabis stocks have been soaring lately with the increased legalisation and relaxed regulations, with Canadian company Tilray flying since their July IPO (Edit - up over 1000%), with that in mind it was interesting (although not especially surprising) to read that shorts have increased 44% since the end of Q2, despite paying between 20-40% in borrow fees, and losing $490 million so far this year. Tilray are currently the most popular pick for the shorts right now given their extreme rise in advance of the Canadian legalisation of weed next month.
What do you think? Would you say the market has been growing too quickly and is due a wake (n bake) up call, or do you see it only getting bigger as more states/countries follow suit? I still think there is a huge amount of growth to come from the sector.