TLRY - Pot stocks get smoked despite latest marijuana legalization

Voters in New Jersey, Arizona, Montana and South Dakota have voted to legalize recreational marijuana, meaning 1 in 3 Americans now live in a state where adult pot use is legal.South Dakota and Mississippi voters also approved measures to legalize medical marijuana.Despite the news, a big pullback is hitting the sector, with the exception of HEXO ([[HEXO]] +7.8%): Premarket: Canopy Growth ([[CGC]] -8.1%), Aurora Cannabis ([[ACB]] -8.7%), Tilray ([[TLRY]] -7.1%), Cronos ([[CRON]] -8.3%), Aphria ([[APHA]] -1.8%), ETFMG Alternative Harvest ET ([[MJ]] -6.5%).More drug-related initiatives were also decided across the nation, with Oregon becoming the first in the nation to decriminalize possession of hard drugs, while D.C. voters approved a measure that will effectively decriminalize "magic mushrooms" and other organic psychedelics (Denver, Oakland and Santa Cruz previously passed similar proposals).Companies that have recently began a hunt for potential psychedelic medicines include Aion Therapeutic (ANTCF), Better Plant Sciences (VEGGF), Champignon Brands (SHRMF),

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Pot stocks get smoked despite latest marijuana legalization