E Vape Crisis Caused These Pot Stocks To Crash 28% In September

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The Center for Disease Control & Prevention has confirmed 530 cases of mysterious lung illnesses tied to vaping, along with 9 deaths. Here's how the suppliers to this fast-growing pot segment of the burgeoning cannabis sector performed in September.

To put things in perspective, according to investment firm GMP Securities, extracts stand to make up at least half of the Canadian market over time and the creme-de-la-creme of derivative products is expected to be vape pens, with 20% of the total market. If Arcview and BDS Analytics are correct with their estimate of close to $5 billion in total Canadian pot sales by 2024, and GMP is right about vapes being the dominant derivative, we're talking about at least a $1 billion vape market in Canada, and presumably a multi-billion dollar vape market in the United States.

It's pretty clear that vape-related health concerns aren't going away anytime soon, and that it's liable to take researchers time to figure out what's behind these mysterious lung illnesses. That creates a scenario where there will be (at least in the near term) clear losers, and winners, in the North American cannabis space.

There are two primary ways to play the cannabis vape market. They can either choose to buy the vaporizer manufacturers and suppliers, or go after the recurring revenue provided by the extract suppliers. No matter investors' preference, there are a handful of must-know cannabis vape stocks.

Cannabis Extract Suppliers

Potentially the most high-profile of all the vape extract companies will be:

  1. Cronos Group (Nasdaq:CRON), which is 45% owned by Altria which also has a 35% stake in popular vape device maker Juul
    • -17.9% in September
  2. The Supreme Cannabis Company (OTC:SPRWF) is another must-know extract provider in the vape space.
    • -12.7% in September
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