Aurora Cannabis Is Dumping Its Pot, Which May Be A Sign It’s All Over

Aurora Cannabis Is Dumping Its Pot, Which May Be A Sign It’s All Over
"...Then the Great Depression hit…
Demand fell off a cliff.
Barns were filled to the brim with crops.
Certain crops got so cheap that farmers famously dumped them in the river to lift prices.
Some folks even burned corn instead of coal in their stoves.
At times, the entire countryside smelled like popcorn in a movie theater.
I’m telling you this because a similar scenario is playing out in the pot industry.
As I’ll explain, companies like Aurora Cannabis (ACB) are “dumping” part of their harvest… because they simply grew more pot than they could sell at a reasonable price.
...Pot became legal all over Canada.
It was the second country in the world to legalize pot for all uses countrywide.
After passing the historic legislation, Canada has become the biggest pot market on earth.
Hundreds of pot producers sprang up to take advantage of this once-in-a-century opportunity.
This has led to a boom in “pot stocks.”

• It All Comes Down to Demand and Supply

Let me show you the most important chart in the pot industry.

It shows how pot inventories are growing… and growing… and growing… just like crop inventories did in the 1930s...
Read all.