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The healthcare sector, which includes weed stocks, lost 2.9, while the S&P/TSX Information Technology Index dipped 1.7%, dragged by a 5% slide in Hut 8 Mining and a 3.4% fall in Lightspeed Commerce.
After a brief selloff earlier in the week, shares of Tilray — the second-largest publicly traded marijuana stock — were up more than 17% Wednesday after the Canadian company posted quarterly ...
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Cannabis stocks have taken a hit since Election Day, Nov. 3.The latest Hifyre cannabis sales data out of Canada suggests some concerning trends in the market.The Numbers: Month-over-month ...
Canada's law to legalize the recreational use of cannabis goes into effect Oct. 17, and prices of popular pot stocks will likely fluctuate and may include a sell-off, based on recent trends.
In 2017, Global X launched the Horizons Marijuana Life Sciences Index ETF (HMMJ), the first marijuana-related exchange-traded fund, [12] focused on a collection of publicly-traded companies in North America. [13] [14] HMMJ was listed on the Toronto Stock Exchange on April 5, 2017. [15] [16] By September 2018, HMMJ's assets reached CAD$1 billion.
A report in October 2019 by Bloomberg News painted a bleak picture of the legal cannabis industry. Because of the relatively few retail outlets, especially in Ontario, and the high retail prices, the black market remained persistent. An independent cannabis research firm estimated that the black market accounted for 86% of cannabis sales.
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