NASDAQ:POTX   Global X Cannabis ETF
Hi, today we are going to talk about the Global X Cannabis ETF and its current landscape.
Global X Cannabis ETF it's poised to have its volatility increased as the Canopy Growth Corp it's receiving growing attention of the market today as had reported disappointing results on this quarter, the company now along with Tilray that also reported disappointing earnings , sets the context of what Canopy described as short-term headwinds on the cannabis sector. The problem for these Canadian companies seems to be attached to the overpriced inventories, that reach the reported level of almost 328,000 kilograms by the end of August. A situation aggravated by the concern of a regulatory crackdown, due to the unclarity in mergers and acquisitions transactions, concerning the possible conflicts of interests. Regulators have discovered that in some cases, members involved in the transaction, held an undisclosed financial interest in one of the company's embroiled on the deal.
These problems set a problem for the industry that will need to improve itself to survive. However, for the long term, the cannabis sector still poised to grow as the spending on its products continues to rise, as the reports of Tilray have shown a growth of its sales in Europe five times bigger than last year, demonstrating the latent potential that the sector holds.
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