After most cannabis stocks closed up with double-digit percentage increases on Monday after President Donald Trump touted the benefits of the compound cannabidiol for the healthcare of seniors, a chunk of those gains were given back on Tuesday.
For example, Canadian licensed producer Tilray Brands (NASDAQ:TLRY) closed Monday up nearly 61%. On Tuesday, it closed down 6.5%. Another Canadian LP, Cronos Group (NASDAQ:CRON), ended up ~13% Monday. On Tuesday, it ended down ~6%.
US-based multi-state operators saw similar results. Green Thumb Industries (OTCQX:GTBIF) surged ~16% Monday. On Tuesday, it closed down 5%. Curaleaf Holdings (OTCPK:CURLF) ended Monday up 37%. It lost ~13% on Tuesday.
