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Investors Dumped Cannabis Stocks after Legalization Last Week

Adam Jones
Investors Dumped Cannabis Stocks after Legalization Last Week

Last week, the overall cannabis sector ended in negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) lost almost 5.4% of its value, while the Emerging Marijuana Growers Index ETF (HMJR) declined by almost 5.6% between October 12 and October 19. The TSE 300 Index, however, ended in positive territory with a 36-basis-point gain.