Asset Management

Cannabis investors suffer comedown as high-flying pot funds shrink 45%

Supply chain disruption caused by the ongoing war in Ukraine has hurt the cannabis industry

Performance has nosedived for funds focused on the cannabis market
Performance has nosedived for funds focused on the cannabis market Photo: Getty Images

The high around cannabis stocks appears to have faded, with funds in the global sector reporting a sharp drop in inflows and woeful performance.

Figures provided to Financial News by Morningstar show that assets managed by cannabis funds shrunk by 45% to $2.6bn in the 12 months to March, down from $4.6bn at the same period last year.

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