Why Most Marijuana Stocks Tanked This Week
Most publicly traded weed companies saw their share prices wilt this week. Among the more significant decliners were Charlotte's Web Holdings (OTC: CWBHF) and Organigram (NASDAQ: OGI), both of which fell by around 20% across the five-day stretch. Up-and-comers Flora Growth (NASDAQ: FLGC) and IM Cannabis (NASDAQ: IMCC) took even harder hits, with both declining at a roughly 26% clip.
There weren't any all-encompassing and powerful negative developments in marijuana; rather, last week seemed to be more of a "no news is bad news" situation in the world's potentially most important weed market.
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Source Fool.com
