Pot Stocks End 2019 on a Dismal Note as ETF Falls to Record Low
- Horizons Marijuana Life Sciences ETF is down 43% in 2019
- U.S. cannabis stocks are outperforming their Canadian peers
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A gloomy year for pot stocks is ending on a dismal note, with the industry’s first exchange-traded fund falling to a record low on Monday.
The Horizons Marijuana Life Sciences ETF slid as much as 4.8% to C$8.20, the lowest since it was launched in April 2017. The fund, known by its ticker HMMJ, has lost 43% this year and is down 65% since its recent high on March 19.