Cannabis Central: Coronavirus Crisis Crushed Pot Stocks On Monday & Tuesday

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

Cannabis stocks were only down 1% last week (see exclusive TalkMarkets article here) but the overall market weakness has seen them decline a whopping 7.8% over the first two days this week. To put things in perspective, the S&P 500 declined 6.2%, in comparison.

The cannabis market consists of 319 publicly-traded companies of which the vast majority trade for less than $1/share and it is acknowledged that even small changes in such prices can have a very large effect on the percentage change. Because of the aforementioned, this post only highlights those stocks that are currently trading above $1/share.

Below are those pot stocks trading above $1/share that have increased or decreased in price by at least 10% in the past 2 days, in descending order:

1. Item 9 Labs (OTCPK: INLB): +19.2%
2. Planet 13 Holdings (OTCQX: PLNHF): +13.7%
3. Canopy Growth (NYSE: CGC): -10.3%
4. Cresco Labs (OTCQX: CRLBF): -11.2%
5. Curaleaf Holdings (OTCQX: CURLF): -11.2%
6. Tilray (NASDAQ: TLRY): - 14.5%
7. Cronos Group (NYSE: CRON): -15.7%
8. Grow Generation (NASDAQ -CM: GRWG): -16.6%