Cannabis stocks declined to new recent lows in front of the long weekend and are now down 10.3% in May. 48% of the 31 stocks tracked here rose in price, with no double-digit percentage gainers and no double-digit percentage losers. Stocks with volume above the 30-day average fell from 29% to 13%, with three stocks trading over $5mm in value. Six of the ten highest dollar-volume stocks rose in price as four traded above $1mm. The 420 Investor Cannabis Stock Index decreased from 39.15 to 38.70, reflecting a change of -1.4% year-to-date in 2016. The index began 2013 at 100, 2014 at 159.1, 2015 at 130.7, and 2016 at 39.25.
Stocks moving more than 5% on more than $500k in volume included none to the upside and Greengro Technologies (GRNH) to the downside.
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