Cannabis Stocks Declined -9.9% in May; Now -43.7% YTD
The largest Canadian Licensed Producers (LP), as tracked in the Canadian Pure-play LP Pot Stock Index, is down by 15.6% in May. [more]
The largest Canadian Licensed Producers (LP), as tracked in the Canadian Pure-play LP Pot Stock Index, is down by 15.6% in May. [more]
The U.S. House of Representatives passed the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act on March 25th and that initially led investors hoping for quick passage of a Senate bill to match the bill passed in the House. Last week, however, Senate Majority Leader Chuck Schumer said he would not be introducing the Senate’s version of the House’s act, called the Cannabis Administration & Opportunity Act (CAOA), until toward the end of April. [more]
Horizons Marijuana Life Sciences ETF (TSX: HMMJ), the first established cannabis ETF, has fallen almost 60% in share price in the past year and Evolve Funds Group announced it will be shutting down of two of its cannabis focused ETFs [more]
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