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Why Aurora Cannabis, Tilray, and Charlotte’s Web Stocks Fell Today

It's been less than a year since then-vice presidential candidate Kamala Harris promised on national television that a Biden-Harris administration would support legislation to "decriminalize marijuana, and we will expunge the records of those who have been convicted of marijuana." Fast forward a few months, and that promise seems almost within reach, with Senate Majority Leader Chuck Schumer recently unveiling a draft bill to legalize marijuana for recreational use. Tilray and Charlotte's Web closed the day in the red -- down 2.2% and 3.1%, respectively -- while Aurora ended flat. Read More...

It’s been less than a year since then-vice presidential candidate Kamala Harris promised on national television that a Biden-Harris administration would support legislation to “decriminalize marijuana, and we will expunge the records of those who have been convicted of marijuana.” Fast forward a few months, and that promise seems almost within reach, with Senate Majority Leader Chuck Schumer recently unveiling a draft bill to legalize marijuana for recreational use. Tilray and Charlotte’s Web closed the day in the red — down 2.2% and 3.1%, respectively — while Aurora ended flat.

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