“Publicly-traded marijuana stocks continued their selloff last week as sentiment drains from highs earlier in the year. Nearly every issue posted losses last week as investors realize valuations may have gotten ahead of earnings prospects. Losses to share prices do seem to have slowed compared to prior weeks when fear over SEC trading halts raised bigger questions.  We are slowly becoming more optimistic on publicly-traded companies with prices coming closer to levels that could make for better long-term investments. The industry is progressing across the United States and internationally and many of these companies have solid long-term futures.”

http://www.thedailybell.com/market-commentary/35316/Marijuana-Sector-Update–May-20th-2014/

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