Cannabis Stocks Collapse After Trump Win: Major Players See Double-Digit Declines At Wednesday's Close
Following Donald Trump‘s presidential election victory Tuesday, the cannabis sector took a sharp downturn.
Here’s a summary of the largest stock declines across the industry based on data from Benzinga Pro.
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Top Cannabis Stocks And ETFs Facing Major Losses Post-Election
- Trulieve Cannabis TCNFF: Closed at $7.136, down $5.564 (-43.81%). Volume: 3,590,905 shares.
- Cansortium CNTMF: Ended at $0.09803, falling $0.058 (-37.16%). Volume: 2,226,672 shares.
- AdvisorShares Pure US Cannabis ETF MSOS: Closed at $4.935, down $1.935 (-28.17%). Volume: 35,572,290 shares.
- Curaleaf Holdings CURLF: Closed at $2.23, down $0.884 (-28.39%). Volume: 3,072,876 shares.
- Cresco Labs CRLBF: Ended at $1.1342, dropping $0.3958 (-25.87%). Volume: 3,163,255 shares.
- C21 Investments CXXIF: Closed at $0.17, down $0.0536 (-23.97%). Volume: 218,362 shares.
- Canopy Growth CGC: Closed at $4.285, losing $1.305 (-23.35%). Volume: 10,958,783 shares.
- Scotts Miracle-Gro SMG: Closed at $74.46, falling $19.01 (-20.34%). Volume: 2,562,247 shares.
- Green Thumb Industries GTBIF: Finished at $8.61, down $2.07 (-19.38%). Volume: 2,503,233 shares.
- Amplify Alternative Harvest ETF MJ: Closed at $2.71, down $0.61 (-18.37%). Volume: 3,404,675 shares.
- Aurora Cannabis ACB: Closed at $5.01, down $1.10 (-18.00%). Volume: 3,702,665 shares.
- Jushi Holdings JUSHF: Closed at $0.391, down $0.0753 (-16.15%). Volume: 587,553 shares.
- AdvisorShares Pure Cannabis ETF YOLO: Closed at $2.7896, down $0.5304 (-15.98%). Volume: 314,508 shares.
- Vext Science VEXTF: Closed at $0.1165, down $0.021 (-15.27%). Volume: 379,172 shares.
- SNDL SNDL: Closed at $2.035, down $0.355 (-14.85%). Volume: 6,016,260 shares.
- Tilray Brands TLRY: Closed at $1.52, down $0.25 (-14.12%). Volume: 45,915,711 shares.
- Medical Marijuana Inc. MJNA: Closed at $0.0007, down $0.0001 (-12.5%). Volume: 25,466,093 shares.
- OrganiGram Holdings OGI: Closed at $1.675, down $0.175 (-9.46%). Volume: 1,274,063 shares.
- Village Farms International VFF: Closed at $0.8332, down $0.0659 (-7.33%). Volume: 1,133,165 shares.
Read Next: Cannabis REIT Giant IIPR Reports Q3 $39.7M Profit Despite Rent Delays In Sector
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