Cannabis stocks had a mixed day on Tuesday as U.S. marijuana markets shook off last week’s bottom and panicked selling dried up despite a poor showing in the Canadian sector. MJIC’s North American Marijuana Index posted significant gains on the strength of the U.S. market following Monday’s day off for the Martin Luther King Jr. holiday. Other cannabis indices showed marked increases, as well as the presumed market correction, began to shake out as investors showed confidence in the industry. Cannabis stocks did well on Tuesday in spite of a down day on Wall Street and the Canadian exchanges, with the broader markets falling for the first time in days.
Energy and materials sectors took a hit on Tuesday as Wall Street posted early gains before retreating late in the afternoon. Still, as oil prices declined, the healthcare sector rose to keep the market from a