Cannabis stocks tumble as a failed Democratic sweep offsets state referendum winsPosted by On



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Shares of cannabis companies tumbled Wednesday, as investor disappointment that a Democratic sweep failed to materialize offset a boost from referendum wins in a number states.

The ETFMG Alternative Harvest exchange-traded fund
MJ,
-2.51%

dropped 2.6% in morning trading, while the Cannabis ETF
THCX,
-2.51%

slid 3.3%.

Among the more active U.S.-listed shares, Tilray Inc.
TLRY,
-9.21%

declined 9.5%, Aurora Cannabis Inc.
ACB,
-9.57%

ACB,
-10.12%

fell 10.6%, Canopy Growth Corp.
CGC,
-7.72%

WEED,

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