Advertisement
Canada markets open in 6 hours 23 minutes

  • S&P/TSX

    21,871.96
    +64.59 (+0.30%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CAD/USD

    0.7296
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    83.02
    +0.17 (+0.21%)
     

  • Bitcoin CAD

    91,050.64
    +36.05 (+0.04%)
     

  • CMC Crypto 200

    1,401.41
    -13.35 (-0.94%)
     

  • GOLD FUTURES

    2,316.50
    -29.90 (-1.27%)
     

  • RUSSELL 2000

    1,967.47
    +19.82 (+1.02%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • NASDAQ futures

    17,352.00
    +2.00 (+0.01%)
     

  • VOLATILITY

    16.94
    -1.77 (-9.46%)
     

  • FTSE

    8,023.87
    0.00 (0.00%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6850
    0.0000 (0.00%)
     

Why Cannabis Stocks Took a Beating Yesterday

Adam Jones
Updated
Why Cannabis Stocks Took a Beating Yesterday

On August 14, the overall cannabis sector was in the deep red. The Horizons Marijuana Life Sciences ETF (HMMJ) fell 4.5% during the day, while the Emerging Marijuana Growers Index ETF (HMJR) fell 5.7%. The sell-off in the cannabis sector came amid the ongoing global economic concerns, especially in emerging markets. However, the developed markets were broadly positive with the S&P 500 Index (SPY) up by 64 basis points and the TSE Composite Index up by 49 basis points.

Continue reading