Has the market correction finally arrived? It sure feels like it today, with the Nasdaq first falling nearly 4%, then rebounding, but now falling again, and currently off about 2.4% as of 12:15 p.m. EST. Tech stocks seem to be taking the biggest hit, but marijuana shares , and marijuana-adjacent stocks like CBD seller Charlotte's Web Holdings (OTC: CWBHF) , are getting tangled up in the selling. As of 12:15 p.m. EST, Charlotte's Web was down 6.8%.
Analysts are uncertain what's causing the sell-off, citing everything from a recent rise in government bond rates to a "risk cluster" surrounding investors who've sunk their money into high-flying tech stocks.
What does any of that have to do with Charlotte's Web Holdings, you ask? I'm honestly not sure -- but neither am I optimistic.
For further details see:
Why Charlotte's Web Holdings Stock Just Dropped