AKA: Preston Fauci. Prestauci.
On a longer term timeframe I don't have many doubts that you'll get it back tbh. The risk is federal legalization and them losing that moat around their business that allows them to operate effectively without any competition and demand outcompeting supply for the foreseeable future. But as I said, I don't think the US moves anywhere meaningful on legalization. In a perfect world they can uplist well before that point. That's the ultimate ticket.I already treat them as look away holdings. I don't focus on them because I hate them now but also because I'm pretty red and I won't sell at a loss, so there's nothing to do, except add, and I'm not loving the idea of using aggressive moves on something I don't like much anymore.
If these death slides had anything to do with fundamentals it would be a lot more concerning of course. Just cyclical things is all. It's how weed stonks operate. As an investor, it's times like these where going value hunting is crucial. And hey, it could get a fuckton worse than this so patience is required too.