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Why Pot Stocks Canopy Growth, Sundial Growers, and Tilray All Had a Rough Week

·3 min read
Why Pot Stocks Canopy Growth, Sundial Growers, and Tilray All Had a Rough Week
In this article:
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  • SNDL
  • TLRY

Shares of Canopy Growth (NASDAQ: CGC), Sundial Growers (NASDAQ: SNDL), and Tilray (NASDAQ: TLRY) were all down by over 14% this week as of noon ET Friday, according to data from S&P Global Market Intelligence. In their latest earnings reports, for example, Canopy Growth and Sundial were both forced to write off millions in inventory due to sluggish sales and changing consumer trends. Canopy and Tilray are both banking heavily on the U.S. legalizing marijuana at the federal level soon.