Cryptocurrency Q&A
Why is Cronos dropping?
Why is Cronos dropping?
Riccardo
Wed Nov 06 2024
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6 answers
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I've been keeping an eye on Cronos recently and noticed that its price has been dropping significantly. I'm wondering what factors might be causing this decline and whether it's a temporary fluctuation or a longer-term trend.
6 answers
Alessandra
Fri Nov 08 2024
The fall in the value of cannabis stocks was triggered by an announcement made by the U.S. Drug Enforcement Administration (DEA).
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KatieAnderson
Fri Nov 08 2024
The decline was not isolated to Cronos, as other cannabis stocks also saw a drop in their value.
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Bianca
Fri Nov 08 2024
The DEA stated that it would not conduct a public meeting regarding the rescheduling of cannabis until December 2, 2021.
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SeoulStyle
Fri Nov 08 2024
This date falls after the U.S. presidential election, leading to concerns among investors in the cannabis industry.
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LightningStrike
Fri Nov 08 2024
Cronos was among the cannabis stocks that experienced a decline following the DEA's announcement.
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