News Stocks 

MedMen’s ends blockbuster deal adding to cannabis stock woes

“In its announcement, Los Angeles-based MedMen cited the steep pullback in U.S. and Canadian cannabis stocks this year” writes The Associated Press for seattletimes.com. Vaping-related deaths and illnesses have contributed to the slide in some cannabis stocks.Consider, the ETFMG Alternative Harvest exchange traded fund, which focuses on cannabis stocks: It is down 19.6% this year and off nearly 50% from a year ago.Still, cannabis stocks are a big loser so far this year, relative to the broader market.
 
Source: seattletimes.com



Related posts