Are Canadian Pot Stocks Headed for Another Crash?

The bullishness in the cannabis sector of late is due to the burgeoning legal marijuana movement in the U.S., where multiple states have recently assed legislation to permit recreational marijuana, including New York, New Mexico, and Virginia. Canadian pot stocks are soaring on all this excitement, even though these recent developments don't immediately improve their prospects for expansion into the U.S. Federal legalization is what needs to happen for that to be the case, and that is anything but a guarantee at this point. The Canadian cannabis industry performed well during the coronavirus pandemic.