Pot Stock Short-Sellers Net Almost $1 Billion in 2019
- Cannabis short exposure grew by $843 million in 2019
- Prolonged rally will lead to short squeeze: S3 Partners
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Short-sellers are winning big this year with expensive bets against pot stocks.
Cannabis bears have cleared $993 million in mark-to-market gains so far in 2019, even after losing $132 million this month as stocks bounced off their lows, according to data from financial analytics firm S3 Partners.