Why Shares of Aurora Cannabis, Canopy Growth, and Sundial Growers Are Slumping Today

Marijuana stocks are in retreat yet again today. Specifically, shares of Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC) were both down by approximately 6.8%, while Sundial Growers (NASDAQ: SNDL) stock had fallen 5.5% as of 10:36 a.m. ET Monday morning. 

Cannabis equities have been steadily moving lower in 2022. The industry has struggled in the face of supply gluts, shifting consumer trends, a fragmented legal landscape in key geographies like the U.S., banking limitations, and margin erosion stemming from legal and illegal competition, among many other headwinds.  

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Source Fool.com