The Horizons Marijuana Life Sciences ETF (TSX:HMMJ) was down a whopping 15% in late afternoon trading on October 22.
The Canada Post union has held its measured strike to pressure a deal without causing severe disruption. In Ontario legal cannabis can only be purchased online through the Ontario Cannabis Store (OSC), which makes the prospect of larger work stoppages at the Canada Post concerning for the fledgling industry. The strike is not the only shadow cast on the cannabis market.
Many of the top producers and industry experts have forecast that supply will not catch up to demand until the middle of 2019. This means that investors in the cannabis sector will have to contend with volatility in late 2018 and early 2019 before production ramps up.