Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Marijuana Stocks Wilted Today

TheMotleyFool

0 0

Cannabis stocks that performed well on Friday last week took a turn for the worse Monday. As of 1:33 p.m. ET, shares of Sundial Growers (NASDAQ: SNDL), Green Thumb Industries (OTC: GTBIF), and Aurora Cannabis (NASDAQ: ACB) all headed south for the winter, down 2.5%, 5%, and 5.4% as of 1:35 p.m. ET.

A fourth cannabis stock -- Canopy Growth (NASDAQ: CGC), now down 11% on negative news from Wall Street -- appears to have provided the catalyst for the sell-off. But as it turns out, investors may be reading too much into its bad news.

Image source: Getty Images.

Source Fool.com

Like: 0

GTBIF

Share