Midas Letter Lead Financial Writer Ben Smith breaks down what Canaccord Genuity Group Inc’s (TSE:CF) (OTCMKTS:CCORF) (FRA:C6U) recent downgrade of Cronos Group Inc (TSE:CRON) (NASDAQ:CRON) (FRA:7CI) from a hold to a sell means for the cannabis space. Smith believes the downgrade was the “straw that broke the camel’s back” in a cannabis market that had been trending sideways for two weeks. Smith explains that when analysts are downgrading, investors usually see a selloff. He notes that Horizons Marijuana Life Sciences Index ETF (TSE:HMMJ) (OTCMKTS:HMLSF) broke key support on the Cronos news. Smith addresses the yield curve and how the inversion of the yield curve has traditionally been one of the strongest indicators of recession. Smith wraps his segment by highlighting extractors with stocks that are still performing well, such as Valens GroWorks Corp (CNSX:VGW) (OTCMKTS:VGWCF) (FRA:7LV).

Howard Glassman:   Hey, Ben, welcome, my friend! How you been?

Benjamin Smith:    I’ve been well! How have you been, guys?

Howard Glassman:   Fantastic.

Ed Milewski:  Benny and the Jets.

Howard Gla