Thursday was a day to forget for most stock market investors, particularly holders of marijuana titles. Industry bellwethers Canopy Growth (NASDAQ: CGC) , Aurora Cannabis (NYSE: ACB) , Aphria (NASDAQ: APHA) , HEXO (NYSE: HEXO) , and Organigram Holdings (NASDAQ: OGI) all fell harder than the S&P 500 index at declines ranging from 6.1% (Aurora) to just over 8% (Aphria).
The outlook for the marijuana industry has brightened significantly of late thanks largely to both a new presidential administration and a Senate leadership that are more amenable to federal marijuana reform .
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Why Marijuana Stocks Like Canopy Growth and Aphria Got Trashed on Thursday