Pot Stocks & ETFs: This Week’s Top News In The Cannabis Industry

Cannabis stocks plummeted last week, after the Jeff Sessions panic – spurred by the repeal of the Cole Memo, an Obama-era memorandum that has essentially protected state-legal cannabis businesses from federal prosecution. The tumble was short lived, though, as evidenced by the rebound seen in the U.S. Marijuana Index last Friday, and this week’s first couple of days.

The index did experience a decline toward the end of this week, falling 2.8 percent Friday, but the move was moderate when compared to last week’s selloff.

Also witnessing a drop between Wednesday and Friday, inclusive, were the Horizons Marijuana Life Sciences Index ETF (TSE:HMMJ), as it mimics the aforementioned index, and the ETFMG Alternative Harvest ETF (NYSE: …

Full story available on Benzinga.com

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