Why Marijuana Stocks Like Canopy Growth and Aphria Got Trashed on Thursday | 04.03.21 | finanzen.at

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04.03.2021 23:01:00

Why Marijuana Stocks Like Canopy Growth and Aphria Got Trashed on Thursday

Thursday was a day to forget for most stock market investors, particularly holders of marijuana titles. Industry bellwethers Canopy Growth (NASDAQ: CGC), Aurora Cannabis (NYSE: ACB), Aphria (NASDAQ: APHA), HEXO (NYSE: HEXO), and Organigram Holdings (NASDAQ: OGI) all fell harder than the S&P 500 index at declines ranging from 6.1% (Aurora) to just over 8% (Aphria).The outlook for the marijuana industry has brightened significantly of late thanks largely to both a new presidential administration and a Senate leadership that are more amenable to federal marijuana reform.Image source: Getty Images.Continue reading
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