Cannabis companies: How the pot bubble burst
It wasn’t until August that Mark Noble realized what was happening. As the executive vice president of ETF strategy at Horizon ETFs, Noble had a perfect perch from which to watch cannabis stocks. “This was a bubble that burst,” he says. Horizon’s Marijuana Life Sciences ETF, which holds names like Canopy Growth, Tilray, and Aurora Cannabis, plunged from over $20 in 2018 to around $7 this month.