Cannabis stocks flew higher in reaction to the legalization of recreational weed in Canada and the legalization of hemp in the U.S. as part of the 2018 Farm Bill.
In the time since those milestones, it’s become apparent investors have “unrealistic expectations” that are negatively impacting the industry, according to CNBC’s Jim Cramer.
What He Said
Many investors are working under the assumption that cannabis will be legalized at the federal level in the near-term, Cramer said during his daily “Mad Money” show Thursday.
To those investors assuming the U.S. Congress will soon take action, Cramer’s message is simple: “don’t hold your …