Cannabis Stocks Remain Weak in Week Ending November 30

Last week, the overall cannabis sector continued to show weakness with ETFs and major stocks ending in the negative territory though the broader market ended in the positive territory. The Horizons Marijuana Life Sciences ETF (HMMJ) declined by nearly 3%, while the ETFMG Alternative Harvest ETF (MJ) lost about 2.3% over the same period. The Emerging Marijuana Growers Index ETF (HMJR) also lost nearly 4.7%. In contrast, the TSE 300 Index rose by 1.3%, and the S&P 500 Index rose by 4.9% from its close on November 23 to its close on November 30.