Cannabis stocks fell again as part of a broader market decline, ending a rough month poorly. 28% of the stocks rose in price, with 1 double-digit percentage gainer and 8 double-digit percentage losers. Stocks with volume above the 30-day average fell from 36% to 34%, with one stock trading over $5mm in value. Four of the ten highest dollar-volume stocks rose in price as three stocks traded above $1mm. Benzinga's 420 Marijuana Index fell by about 3 points to a new post-peak low of 292.65. The index is up 84% year-to-date but down substantially from the 1010 peak in March.
Stocks moving more than 5% on more than $500K in volume included Cannabis Sativa (CBDS) to the upside and American Green (ERBB) to the downside.
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