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,
dropped 2.6% in morning trading, while the Cannabis ETF
THCX,
slid 3.3%.
Among the more active U.S.-listed shares, Tilray Inc.
TLRY,
declined 9.5%, Aurora Cannabis Inc.
ACB,
ACB,
fell 10.6%, Canopy Growth Corp.
CGC,