Cannabis, Healthcare, and The Road Ahead for Investors
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 30 December 2019
⏱️ 19 minutes
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Summary
Why was 2019 so rough for the cannabis industry? How can investors make better sense of the FDA approval process for drugmakers? Shannon Jones analyzes two of the most interesting industries for investors and shares what to watch in 2020 and beyond.
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Transcript
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| 0:15.9 | Thanks to help iq for supporting today's market foolery health IQ uses science and data to secure lower rates on life insurance to see if you qualify go to health iq.com slash fool and take the proprietary health IQ quiz and potentially save up to 41% on premiums. It's Monday, December 30th, welcome to market foolery. I'm Chris Hill with |
| 0:22.0 | me in studio for the first time in a very long time because she's been avoiding me. |
| 0:26.4 | It's Shannon Jones. |
| 0:27.4 | Thanks for being here. |
| 0:28.4 | Hey, glad to stop avoiding you, Chris, and glad that you invited me back in after what it's been at least a year it's |
| 0:35.3 | no it's been at least a year really yes because we were talking about cannabis |
| 0:38.8 | stocks a year ago we're gonna remedy that in 2020're going to get you on market foolery because you know that's what the people want. |
| 0:46.1 | The Lord is out there, Chris. We want more Shannon Judge. Let's start with Cannabis though because we are wrapping up 2019 and I checked a little bit with Emily Flippin a couple of weeks ago on this show |
| 0:59.1 | She had gone to m. J. Biz Khan and you look at the coverage of that and it's and it's really from a stock |
| 1:05.4 | perspective it is I think the Uber narrative of the year for the cannabis industry |
| 1:09.9 | which is the loss of tens of billions of dollars in market cap of the biggest publicly |
| 1:19.0 | traded cannabis companies. |
| 1:21.3 | When you look at that as someone who analyzes stocks, do you look at that and think a lot of this makes sense because there was some inflation that wasn't deserved or do you what do you think when you |
| 1:35.6 | when you look back on 2019? Yeah so I think you have to look at 2019 in the |
| 1:40.6 | context of 2018 so 2018 was really the year of euphoria, you hype, you know, |
| 1:46.2 | marijuana is going to take over, it's going to be a multi-billion dollar industry and there's |
| 1:49.6 | not going to be any speed bumps. 2019 though was really the reality check year. So I mean this |
| 1:55.8 | is an industry that is being built from the ground up and also the infrastructure is being |
| 2:00.9 | built from the ground up around it. |
| 2:03.2 | So with that, 2019, we just saw a lot of missteps. |
| 2:06.9 | We saw the kind of bubbled rollout in Canada. |
| 2:10.4 | There was some oversupply issues in Canada. |
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