Weed stocks rally on last day of a brutal year
Posted on AllSides December 31st, 2019
From The Center
After a brutal year for cannabis investors, weed stocks on Tuesday were rebounding in the final trading session of 2019.
Exchange-traded funds that track cannabis companies jumped more than 5% in Tuesday trading. The Horizons Marjiuana Life Sciences Index ETF HMMJ, +7.10% gained 7.7%, the ETFMG Alternative Harvest ETF MJ, +0.45% rose 5.3% and the Cannabis ETF THCX, +5.93% rose 5.7% — reflecting gains in U.S. and Canadian weed companies.
Those gains could not come close to making up for the rest of what was a bloody year for pot...