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Why marijuana stocks dropped on Thursday
The House passed the MORE Act -- but marijuana is still far from legal.
What happened
Less than a week after the U.S. House of Representatives voted to legalize marijuana -- for only the second time ever in history -- enthusiasm for marijuana stocks is disappearing like smoke with both the door and windows open.
Since the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act was passed, shares of Sundial Growers ( SNDL -7.58% ), Aurora Cannabis ( ACB -6.37% ), and Canopy Growth ( CGC -6.41% ) have all headed in just one direction -- down. Today marks the third straight day of selling. Here's how things stand as of 12:50 p.m. ET:
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