Why Marijuana Stocks Aurora Cannabis, HEXO, and Charlotte's Web Went Up in Smoke Today

Last week, Kamala Harris pledged that if elected, the Biden administration would decriminalize marijuana. Many weed stocks popped on that pronouncement.

That was then; this is now. Marijuana stocks had an awful Thursday. Bellwether Aurora Cannabis (NYSE: ACB) declined by 5.5% on the day, HEXO (NYSE: HEXO) slipped 3.5%, and cannabidiol (CBD) specialist Charlotte's Web Holdings (OTC: CWBHF) won that three-horse race to the bottom with a 7.5% slide.

Image source: Getty Images.

Continue reading

Source Fool.com