Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Dropped Today
Here in the United States, marijuana legalization always seems to be just around the corner ... until you turn the corner, and then there it is again, disappearing down at the end of the block. Despite growing bipartisan support for legalization, as the calendar turns over to December, it's becoming clear to investors that legalization -- even if it is seems inevitable -- will not happen this year.
Perhaps that is why today, on a pretty "green" day for the stock market in general, shares of cannabis stars Tilray (NASDAQ: TLRY), Aurora Cannabis (NASDAQ: ACB), and Canopy Growth (NASDAQ: CGC) are all dropping, down 4.7%, 5.5%, and 5.6%, respectively, as of 11:40 a.m. ET.
Image source: Getty Images.
Source Fool.com
