Cannabis stocks slipped for the second straight day. 25% of the stocks rose in price, with 4 double-digit percentage gainers and 2 double-digit percentage losers. Stocks with volume above the 30-day average jumped from 39% to 55%, with one stock trading over $5mm in value. Two of the ten highest dollar-volume stocks rose in price as five traded above $1mm. Benzinga's 420 Marijuana Index fell about 3 points to 198.53, up over 4% from the recent post-peak closing low. The index is up 25% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included mCig (MCIG) to the upside and Medbox (MDBX) and GW Pharma (GWPH) to the downside.
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