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We've talked before about the "vaping crisis" - a kind of lung syndrome sickening and, in some cases, killing, users of vaporized cannabis and nicotine. Health officials haven't made much headway in definitively isolating a cause since we last spoke in September.
So far, it seems that illicit, black market products are making people sick, but the crisis is beginning to weigh on the legal market.
For instance, in Colorado, vape products accounted for 19.4% of total cannabis sales on Aug. 23. But they plunged to just 12.4% in only four weeks, on Sept. 23.
But nature abhors a vacuum - and markets don't much care for 'em, either. It's only natural that support is coalescing around other lucrative cannabis market segments, opening up more diverse opportunities for investors...
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.