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Pot ETFs tumble, erasing earlier rally as US legalization hopes dim

Pot ETFs tumble, erasing earlier rally as US legalization hopes dim
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Pot ETFs tumble, erasing earlier rally as US legalization hopes dim

By Bansari Mayur Kamdar (Reuters) - After a dizzying rally in September, exchange-traded funds tracking cannabis stocks have fallen to earth on fading.

U S cannabis reforms could send pot stocks higher

The reclassification of marijuana to a lower-risk Schedule III drug from Schedule I would allow cannabis companies to write off business expenses – a move that would boost cash flow and profits

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