Why Marijuana Stocks Dropped on Thursday

Less than a week after the U.S. House of Representatives voted to legalize marijuana -- for only the second time ever in history -- enthusiasm for marijuana stocks is disappearing like smoke with both the door and windows open.

Since the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act was passed, shares of Sundial Growers (NASDAQ: SNDL), Aurora Cannabis (NASDAQ: ACB), and Canopy Growth (NASDAQ: CGC) have all headed in just one direction -- down. Today marks the third straight day of selling. Here's how things stand as of 12:50 p.m. ET:

Image source: Getty Images.

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Source Fool.com