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Why Marijuana Stocks Like Canopy Growth Fell Sharply Today

TheMotleyFool

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Why Marijuana Stocks Like Canopy Growth Fell Sharply Today: https://g.foolcdn.com/editorial/images/707226/person-in-lab-gear-inspecting-a-marijuana-plant-inside-a-grow-facility.jpg

Well, that didn't last long.

After a nice rally for marijuana stocks on Monday, they found gravity again on Tuesday. Many of them tumbled during the trading session, including but certainly not limited to Canopy Growth (NASDAQ: CGC), Tilray Brands (NASDAQ: TLRY), and Aurora Cannabis (NASDAQ: ACB), all of which suffered declines at around the 6% mark.

Tuesday morning, industry website MJBizDaily.com published the somewhat discouraging results of a poll. These indicate that the five upcoming votes on U.S. state recreational marijuana legalization might not be as much of a slam-dunk success as ones in previous election cycles.

Source Fool.com

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