Marijuana-Related Stocks Plummet

Several marijuana stocks saw double-digit declines hours after Jeff Sessions announced federal pot policy changes.

Posted: Jan 5, 2018 3:46 AM

SAN FRANCISCO (AP) - Marijuana-related stocks plummeted, cannabis boosters worried about the industry's future and defiant growers and sellers vowed to keep operating after U.S. Attorney General Jeff Sessions signaled a tougher approach Thursday to federal pot enforcement.


The plunging stock prices reversed a weeks-long rally driven by optimism for legal recreational sales that started Monday in California. Several marijuana stocks saw double-digit losses in the hours after Sessions' announcement, including the largest pot-producing company that is publicly traded.

Canopy Growth, a Canada-based company with the ticker symbol WEED, lost $3.58 a share, or 10 percent, to close at $32.32 on the Toronto Stock Exchange.

Shares of garden-supply company Scotts Miracle-Gro also skidded Thursday, following a steady rise last year after it added fertilizer, lights and other products to serve marijuana growers. The company's share price fell by as much as 7 percent before closing down 2.3 percent.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 135142

Reported Deaths: 1832
CountyCasesDeaths
Multnomah28678460
Washington18867175
Marion16394242
Clackamas11789138
Lane8467110
Jackson700485
Umatilla685671
Deschutes507339
Yamhill322846
Malheur316453
Linn314949
Polk249240
Klamath246944
Josephine178535
Benton174314
Jefferson171225
Douglas170943
Union112516
Wasco109123
Columbia105418
Lincoln100417
Hood River96121
Coos95215
Morrow94510
Clatsop6925
Crook62911
Baker5765
Tillamook3692
Curry3235
Lake2365
Grant2131
Harney1784
Wallowa973
Gilliam511
Sherman470
Wheeler201
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Cases: 3074812

Reported Deaths: 35060
CountyCasesDeaths
Los Angeles103873814416
San Bernardino2569141560
Riverside2510002676
San Diego2185552174
Orange2165092508
Santa Clara949051129
Kern87240572
Fresno83200968
Sacramento811831128
Alameda68649788
Ventura62774462
San Joaquin58843788
Contra Costa53349460
Stanislaus43121766
Tulare42186515
Monterey36464255
San Mateo32887309
San Francisco29502266
Solano25983107
Santa Barbara25405243
Imperial25333474
Merced24570316
Sonoma24184242
Kings19588148
Placer17490184
San Luis Obispo16056140
Madera13528151
Santa Cruz12461113
Marin11732159
Yolo10789138
Shasta9750123
Butte9528128
El Dorado788649
Sutter782879
Napa767244
Lassen519916
San Benito500346
Yuba499627
Tehama433244
Tuolumne340340
Nevada323474
Mendocino319232
Amador302431
Lake262531
Humboldt242725
Glenn194820
Colusa17969
Calaveras162123
Siskiyou145713
Mono11244
Inyo98329
Del Norte8672
Plumas5895
Modoc3853
Mariposa3464
Trinity3044
Sierra820
Alpine730
Unassigned00
Medford
Cloudy
38° wxIcon
Hi: 49° Lo: 32°
Feels Like: 38°
Brookings
Partly Cloudy
43° wxIcon
Hi: 55° Lo: 38°
Feels Like: 39°
Medford
Mostly Cloudy
38° wxIcon
Hi: 37° Lo: 24°
Feels Like: 38°
Medford
Cloudy
39° wxIcon
Hi: 49° Lo: 30°
Feels Like: 39°
Klamath Falls
Mostly Cloudy
36° wxIcon
Hi: 45° Lo: 28°
Feels Like: 27°
Spotty Friday Rain & Snow Showers
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events