October 22, 2018 / 7:58 PM / a year ago

BUZZ-Post-Canada legalization high fades for cannabis stocks

** U.S.-listed shares of cannabis-related stocks slide on Mon: Tilray Inc down 14.7 pct, Cronos Group Inc down 12.3 pct, Canopy Growth Corp down 11.0 pct, New Age Beverages Corp down 16.5 pct

** ETFMG Alternative Harvest ETF, which includes cannabis-related stocks, down 9.3 pct

** Legalization of recreational marijuana in Canada went into effect on Wed; MJ has fallen 16.3 pct since Tues close

** MJ had risen more than 35 pct from June 19, when Canada’s senate voted to approve recreational marijuana use, to Wed’s effective date of legalization

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