U.S. Markets open in 2 hrs 37 mins

Cannabis Stocks Slid ahead of Cannabis Legalization in Canada

Adam Jones
Cannabis Stocks Slid ahead of Cannabis Legalization in Canada

All of the major cannabis stocks fell the day before recreational cannabis goes on sale in Canada for the first time. The Horizons Marijuana Life Sciences ETF (HMMJ) lost almost 4.7% during the day. In contrast, the overall market was in positive territory with the TSE Composite Index rising by 1.1% and the S&P 500 Index rising by 2.2% on October 16.