Cannabis stocks took a nosedive on Thursday with many of the sector’s best performers a day earlier surrendering those gains, as the relentless buying in recent weeks amid growing hopes for reforms of strict U.S. laws came to a screeching halt.
The Cannabis ETF THCX tumbled 18.1% in afternoon trading, putting it on track for its biggest one-day decline since it started trading in July 2019. The previous record selloff was 14.0% on March 12, 2020.
Tilray…