Cannabis Stock Behavior and Investor’s Expectations on the TSX: A Mixed Method Approach

Oludamola Durodola () and Deepika Chotee ()
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Oludamola Durodola: Business Faculty Lakeland College, Canada
Deepika Chotee: Business Faculty Lakeland College, Canada

No 018OD, Proceedings of the 14th International RAIS Conference, August 19-20, 2019 from Research Association for Interdisciplinary Studies

Abstract: This study examines the behavior of cannabis stock on the Toronto Stock Exchange and why investors are interested in cannabis stock. The theory of heterogeneous beliefs, bounded rationality theory and the theory of addiction grounded the study. We employed basic descriptive statistics and the Kruskal-Wallis test including an in-depth interview of investors using convenience sampling methods. The study findings showed that cannabis stocks exhibit a higher-level of risk volatility when compared to speculative and growth stocks on the Toronto Stock Exchange within the period under investigation. Other findings show that cannabis stocks share similar characteristics with other speculative stocks but also possess unique features. Finally, investors are interested in cannabis stocks because of its potential for future strong earnings on the platform of the theory of addiction as discussed in the study.

Keywords: cannabis; Toronto Stock Exchange (TSX); addiction; Canada (search for similar items in EconPapers)
Pages: 8 pages
Date: 2019-08
New Economics Papers: this item is included in nep-fmk
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Citations: View citations in EconPapers (1)

Published in Proceedings of the 14th International RAIS Conference on Social Sciences and Humanities, August 19-20,2019, pages 109-116

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