Cannabis Stocks Tank, But Legalization Push Continues

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Cannabis stocks are taking a bath along with the wider market amid Monday’s selloff.

The AdvisorShares Pure Cannabis ETF  (YOLO) – Get AdvisorShares Pure Cannabis ETF Report is down 6.5%, the Cannabis ETF  (THCX) – Get Cannabis ETF Report is down nearly 8%, and Amplify Seymour Cannabis ETF  (CNBS) – Get Amplify Seymour Cannabis ETF Report is down about 7%. 

That’s the macro outlook, but as most cannabis investors know, what is happening at the state and local level is what’s most important for the sector until federal legalization is on the table years from now. 


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