Bulletin
Investor Alert

Cannabis Watch Archives | Email alerts

Sept. 29, 2019, 12:53 p.m. EDT

Cannabis stocks mostly lower as euphoria over banking bill fades in face of tricky U.S. Senate path

Canopy Growth stock falls after analyst says passage of bill unlikely to trigger acquisition of Acreage

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    ETFMG Alternative Harvest ETF (MJ)
  • X
    Horizons Marijuana Life Sciences Index ETF (HMMJ)
  • X
    Canopy Growth Corp. (CGC)

or Cancel Already have a watchlist? Log In

By Ciara Linnane, MarketWatch

1 2

Tilt said the ban, which comes after an outbreak of a serious lung illness that has killed at least eight people and sickened more than 530 and is believed to be linked to vaping, will also have little effect on its subsidiary Commonwealth Alternative Care.

See now: Aurora Cannabis stock sinks after analyst says it’s time to ‘sell’

“In the long term, we believe this is an opportunity for regulatory bodies to eliminate many of the unsafe products on the market in Massachusetts,” the company said.

Patients have told doctors they had vaped THC-based products, mostly acquired in the black market, and cannabis companies have urged a greater crackdown on black market activities in its wake.

California health officials have also warned consumers to stop vaping and Walmart /zigman2/quotes/207374728/composite WMT -1.02%  has stopped selling e-cigarettes. A report from 420Intel.com said China, the world’s biggest market for smokers, is also preparing to impose controls on vaping.

See also: Vape sales are falling on fears about the outbreak of vaping-related lung illness

Greenlane Holdings Inc. reversed early gains to trade down another 5%, bringing the stock’s week-to-date loss to 19%. Cronos /zigman2/quotes/206842762/composite CRON +0.95%  fell 3.2% and Tilray /zigman2/quotes/209129655/composite TLRY -1.66%  was down 0.6%.

Cannabis Watch: For all of MarketWatch’s coverage of cannabis

Click to Play

How California's 'Weed Nuns' turned CBD into a million-dollar business

California's 'Weed Nuns' are in battle with law enforcement, big banks and right-wing pastors for a place in the lucrative CBD market. Meanwhile, the FDA has deemed CBD a drug, banning its use in food and health products without official approval.

Aurora Cannabis Inc. /zigman2/quotes/210559470/composite ACB -5.22% /zigman2/quotes/203734337/delayed CA:ACB -4.86%  was down 0.4% and Hexo /zigman2/quotes/206508254/composite HEXO +1.78%  was up 0.2%. Organigram /zigman2/quotes/209289540/composite OGI +0.88%  fell 2.5%, Green Growth Brands /zigman2/quotes/204912440/composite GGBXF -7.41%   /zigman2/quotes/205269595/delayed CA:GGB +25.00%  was down 2.7% and Aleafia Health /zigman2/quotes/203485112/composite ALEAF -0.23%   was flat.

The S&P 500 /zigman2/quotes/210599714/realtime SPX -1.12%  and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.88%  were down 0.1%.

Read now: ‘Don’t smoke the Kool-Aid,’ analyst says in sober note on the cannabis sector

/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 135.29
-1.40 -1.02%
Volume: 18.24M
Sept. 18, 2020 4:00p
P/E Ratio
21.56
Dividend Yield
1.60%
Market Cap
$383.38 billion
Rev. per Employee
$223,654
loading...
/zigman2/quotes/206842762/composite
US : U.S.: Nasdaq
$ 5.29
+0.05 +0.95%
Volume: 2.18M
Sept. 18, 2020 4:00p
P/E Ratio
11.51
Dividend Yield
N/A
Market Cap
$1.85 billion
Rev. per Employee
$55,248
loading...
/zigman2/quotes/209129655/composite
US : U.S.: Nasdaq
$ 5.34
-0.09 -1.66%
Volume: 5.20M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$679.13 million
Rev. per Employee
$62,689
loading...
/zigman2/quotes/210559470/composite
US : U.S.: NYSE
$ 6.53
-0.36 -5.22%
Volume: 6.95M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$738.20 million
Rev. per Employee
$94,401
loading...
/zigman2/quotes/203734337/delayed
CA : Canada: Toronto
$ 8.62
-0.44 -4.86%
Volume: 3.05M
Sept. 18, 2020 4:27p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$973.10 million
Rev. per Employee
$123,163
loading...
/zigman2/quotes/206508254/composite
US : U.S.: NYSE
$ 0.77
+0.01 +1.78%
Volume: 6.86M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$316.17 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/209289540/composite
US : U.S.: Nasdaq
$ 1.14
+0.01 +0.88%
Volume: 2.04M
Sept. 18, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$222.81 million
Rev. per Employee
$49,972
loading...
/zigman2/quotes/204912440/composite
US : U.S.: OTC
$ 0.03
-0.0020 -7.41%
Volume: 135,922
Sept. 18, 2020 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.52 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/205269595/delayed
CA : Canadian Securities Exchange
$ 0.03
+0.0050 +25.00%
Volume: 0.00
July 29, 2020 2:51p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.95 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/203485112/composite
US : U.S.: OTC
$ 0.39
-0.0009 -0.23%
Volume: 56,162
Sept. 18, 2020 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$120.98 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,657.42
-244.56 -0.88%
Volume: 703.89M
Sept. 18, 2020 5:15p
loading...

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

1 2
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.