Here is today's cannabis stocks recap, with the winners, the losers and the news behind the moves. MSOS fell 5.4% on Thursday to $3.86, and Curaleaf dropped 9.1%, as only 2 of 17 cannabis names finished higher.
ETFs, Thursday: MSOS −5.4% to $3.86, CNBS −4.6%, MJ −4.0%, YOLO −3.8%. Of 17 liquid names above $50M, 2 rose and 15 fell.
Winners
- Auxly (CBWTF): +1.6% to $2.55, the day it reported Q3 results
- NewLake Capital (NLCP): +0.1% to $13.87
Losers
- Curaleaf (CURLF): −9.1% to $8.06
- Village Farms (VFF): −5.6% to $2.54
- Green Thumb (GTBIF): −5.5% to $6.22
- Turning Point Brands (TPB): −5.2% to $55.75, near its 52-week low of $54.17
- Canopy Growth (CGC): −5.2% to $0.57, near its 52-week low of $0.56
Canadian LPs: Tilray −4.6% to $2.49, near its 52-week low of $2.47; Organigram −2.3% to $0.83, near its 52-week low of $0.82; SNDL −2.1%; Aurora, High Tide and Cronos each about −1.2%. Lenders and landlords: AFC Gamma −4.8%, Innovative Industrial Properties −3.8% to $52.66, NewLake +0.1%.
How the news lined up
- The first phase of the federal hemp ban took effect Thursday, and Turning Point Brands fell 5.2%.
- US operators fell the day after reports that the DEA has rejected medical marijuana registrations in at least six states and D.C.
- We found no company news behind Curaleaf's 9.1% drop.
These are correlations, not proof of cause.
Is the DEA's denial list weighing on US operators more than reform hopes are lifting them?
Not investment advice.
Sources: trees.cloud stock data (Thu Nov 12 close). Federal hemp ban, phase one (Marijuana Moment): https://www.marijuanamoment.net/first-phase-of-renewed-federal-hemp-product-ban-takes-effect-as-industry-pushes-congress-for-regulatory-alternative/ DEA denials (Marijuana Moment): https://www.marijuanamoment.net/dea-is-rejecting-medical-marijuana-businesses-that-want-federal-rescheduling-protections-in-multiple-states/ Auxly Q3 (Benzinga): https://www.benzinga.com/news/26/11/63196019/auxly-cannabis-group-q3-2026-earnings-call-transcript
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