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Benzinga
Benzinga
Business
Nina Zdinjak

Volatility Of Cannabis Stocks: Schumer's Bill Was A 'Hail Mary', But Industry Has Other Catalysts – Experts Explain

United States Emily Paxhia Pablo Zuanic MSO Chuck Schumer Marijuana

This was a very challenging year for pot stocks. Year-to-date, AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) dropped 54.01%, AdvisorShares Pure Cannabis ETF (NYSE:YOLO) declined 57.46%, compared to SPDR S&P 500 (NYSE:SPY) which lost 13.61%. 

Looking into some of the biggest cannabis players out there, the situation is pretty much the same. Since the beginning of the year Aurora Cannabis (NASDAQ:ACB) fell 75.57%, Tilray (NASDAQ:TLRY) plummeted 51.96%, Canopy Growth (NASDAQ:CGC) lost 70.29%, Cronos Group (NASDAQ:CRON) declined 24.17%. 

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