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.