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Why Tilray, Canopy Growth, and Aurora Cannabis Are Stumbling Today

TheMotleyFool

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Why Tilray, Canopy Growth, and Aurora Cannabis Are Stumbling Today: https://g.foolcdn.com/editorial/images/698311/cannabis-leaves.jpg

Canadian cannabis stocks are under pressure yet again today. As of 1:12 p.m. ET Friday, Tilray (NASDAQ: TLRY) stock was down by 5.4%, Canopy Growth's (NASDAQ: CGC) equity was in the red by 7.3%, and Aurora Cannabis' (NASDAQ: ACB) shares were lower by 7%.

What's weighing on these pot stocks today? Yesterday, Democratic Sen. Ron Wyden admitted in comments to public policy magazine The American Prospect that the Cannabis Administration and Opportunity Act (CAOA) is unlikely to have the 60 votes required to pass.

Image source: Getty Images.

Source Fool.com

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