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Why Sundial, Canopy Growth, and Aurora Cannabis Stocks Just Tanked

The Motley Fool · Rich Smith · last updated
What happenedCannabis stocks are behaving rather oddly on Tuesday — a day when news for the marijuana sector is by and large bullish. ET, shares of Sundial Growers (NASDAQ:SNDL) are falling 3.5%, Canopy Growth (NASDAQ:CGC) is down 4.6%, and Aurora Cannabis (NASDAQ:ACB) has racked up a 4.9% loss. So whatAnd yet as I said, the news today isn’t obviously bad for marijuana stocks at all. Democrats control the House, Senate and White House and we still can’t get cannabis banking reform bills passed. In that scenario, it’s possible that neither the SAFE Act nor wholesale legalization passes in this current midterm election year.
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