How Cannabis Stocks Performed Last Week

Despite President Donald Trump signing the 2018 Farm Bill on December 20, which legalized hemp at the federal level, the cannabis sector was under pressure last week. The Horizons Marijuana Life Sciences Index ETF (HMMJ), which tracks the North American Medical Marijuana Index, fell by 11.0%, while the ETFMG Alternative Harvest ETF (MJ) declined by 11.2%.