Bloom Off the Cannabis Industry Stocks? Short Sellers Are Incurring Huge Daily Borrowing Costs To Bet Against Cannabis Names

https://business.financialpost.com/cannabis/cannabis-business/cannabis-investing/investors-are-spending-hundreds-of-millions-to-short-cannabis-stocks-despite-huge-losses#comments-area

"Cannabis shares are mostly owned by retail investors, most of whom do not have the margin accounts necessary to borrow and lend shares, Dusaniwsky said. So high demand and low supply have resulted in borrowing fees that have reached the 30 to 40 per cent range and beyond, in some cases.

Investors looking to short shares of Tilray currently have to deal with a 38 per cent borrow rate, according to S3. With a total short position worth about US$415 million as of Friday, that means shorts altogether are paying approximately US$388,000 per day to short the company."