Chart of the Day - Thursday, October 10th, 2019

Today’s Chart of the Day was shared on Twitter by Charlie Bilello (@charliebilello). It's a chart showing the year-to-date performance (total-return) of the largest Marijuana ETFs including; $MJ, $YOLO, $THCX, $TOKE, $CNBS, and $POTX. Charlie points out that almost all of these ETFs, except $MJ, were launched in 2019. As you can see, all six ETFs have been crushed this year. The worst of the group, $YOLO, is down over 47%. The best of the group, $MJ, is still down 23%. Just a year ago, the Marijuana industry was being touted as the next Gold Rush or the Internet in 1999. Those who bought into "pot stock mania" are now left holding the bag. For more on the fallout in Marijuana stocks, check out our report "Marijuana Massacre."