Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Bounced Back Monday

Rich Smith, The Motley Fool
·3 min read
Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Bounced Back Monday

Marijuana stocks got hammered along with the rest of the growth stocks last week, with Canopy Growth (NASDAQ: CGC), for example, losing 10% for the week -- nearly twice as much as the rest of the Nasdaq -- Tilray Brands (NASDAQ: TLRY) dropping 15%, and Aurora Cannabis (NASDAQ: ACB) getting smoked for a 16% loss. Through 10:20 a.m. ET, all three stocks are back in the green today, with Canopy gaining 4.9%, Aurora up 5.8%, and Tilray leading the pack higher with a 6.7% gain. According to Marijuana Moment, a move by Wisconsin governor Tony Evers to permit citizen voting on referenda could make it easier to pass marijuana legalization in that state.

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