Why Canopy Growth Fell 18.1% in February

What happenedShares of Canopy Growth (NASDAQ:CGC) fell 18.1% in February, according to data provided by S&P Global Market Intelligence. Likely, this was just a come-down after cannabis stocks soared in January following the Georgia Senate runoff, which fueled speculation about U.S. federal legalization. Still, certain brokerages like Robinhood dont give access to over-the-counter stocks, which is where most U.S. cannabis stocks trade, since theyre technically illegal businesses. That left many Robinhood traders with Canadian stocks to pick from, which ironically trade on major U.S. exchanges. The stock actually rose the day after earnings, yet fell hard in the days following that, as the Reddit-fueled rally petered out, and rising long-term interest rates hurt unprofitable growth stocks.