There has been a paradigm shift in the weed industry

There has been a paradigm shift in the budding marijuana industry and it has affected how Wall Street trades in the space, CNBC’s Jim Cramer said Thursday.

HIGHLIGHTS

• “As the weak hands exit the cannabis space, investors are starting to care about the actual results,” CNBC’s Jim Cramer says.
• “This is why I told you to be wary of some of the wilder promises made by marijuana executives, even though I’m a big believer in the long-term theme,” the “Mad Money” host says.
• “Without the promise of legalization here in the U.S., you have to make decisions on the cannabis stocks based on the numbers, not optimistic promises,” he says.

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