Cannabis stocks fall as SAFE Banking measure officially fails; some stocks gain

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The AdvisorShares Pure US Cannabis ETF MSOS, -6.37% dipped 2.8% as failure of the SAFE Banking measure to be included in Congress’s omnibus spending bill weighed on the sector, but some stocks rose. Shares pared steeper losses from Monday, as reports surfaced the SAFE Banking was dead for the lame duck session. Among individual stocks, Green Thumb Industries GTII, +8.26% jumped 6.6% after losing 12% in the previous session. Curaleaf Holdings CURLF, -6.05% rose 0.7%; Trulieve Cannabis Corp. TCNNF, -7.48% edged up by 0.3%, Cresco Labs CRLBF, -10.02% fell by 1.70% and Verano Holdings VRNOF, -9.68% fell 2.6%. Canopy Growth Corp. CGC, -1.66% retreated by 1.7%, Tilray Inc. TLRY, -5.03% fell back by 2.7% and TerrAscend TRSSF, -2.01% rose 0.3%.

This article was originally published by Marketwatch.com. Read the original article here.

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