Why Aurora Cannabis, Aphria, and Charlotte's Web Stocks Are Wilting Wednesday

The stock market's meltdown continued Wednesday morning, with the S&P 500 falling close to 3%. And marijuana stocks such as Aurora Cannabis (NYSE: ACB), Aphria (NASDAQ: APHA), and Charlotte's Web (OTC: CWBHF) got hit hard along with the rest of the market, falling 5% and more early.

That's the bad news. The good news is that as the morning wore on, cannabis shares appeared to be recovering somewhat. As of midday trading, Aphria shares shed 3.5%, and Charlotte's Web was down 5% -- but Aurora Cannabis shares recovered to only a 2.6% loss, which is actually a somewhat smaller-than-average loss relative to the market as a whole.

Image source: Getty Images.

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Source Fool.com