The Stemcell United Ltd share price is down 57% in three months

The Stemcell United Ltd (ASX:SCU) share price has fallen 3.5% today, extending its three-month decline to over 57%.

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Unfortunately for its shareholders, the Stemcell United Ltd (ASX: SCU) share price has sunk lower once again.

In afternoon trade the medicinal cannabis company’s shares are down 3.5% to 8.5 cents. This latest drop brings its three-month decline to over 57%.

Whilst this is a disappointing decline, spare a thought for investors that bought shares at its peak of 41 cents in March.

Since hitting that level after announcing that it had appointed the industry-acclaimed “King of Cannabis” Nevil Schoenmakers as a strategic adviser, its shares have lost almost 80% of their value.

Whether or not its shares will ever reach those levels again, only time will tell.

Stemcell United is just one of a number of medicinal cannabis companies that are listed on the Australian share market.

If you’re not familiar with the pot stock industry, here is a recent break down of what is going on in the industry at the moment.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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