North American cannabis stocks took a beating this week, with the North American Marijuana Index posting a 27.2 percent loss, largely on the back of poor performance among Canadian stocks. “The Canadian market collapsed this week after over $1.2 billion of deal offerings from publicly-traded LPs so far in 2018,” 420 Investor Alan Brochstein told Benzinga. “Concerns about the Aphria purchase of Nuuvera perhaps also triggered a loss of confidence by investors in the sector, as it was hard to justify financially, at least based upon the information provided.” Related Link: Wonder Women Of Weed: Sara Gullickson, The Licensing Advisor Sitting At The Head Of The Boys’ Table For its part, the United States Marijuana Index, which tracks 15 of the largest marijuana stocks in the U.S., also slipped, closing the week down 18.1 percent. “Many of the more speculative names were hit the hardest in the U.S. Traders seemed to be shaken out of the market beginning on the first after piling into names like Hemp Americana, PotNetwork, Rising India, Sunset Island Group and others,” Brochstein said. Source: United States Marijuana Index The Horizons Marijuana Life Sciences Index ETF HMLSF 11.12% lost 29.61 percent. Meanwhile the ETFMG Alternative Harvest ETF MJX 7.57% shed 19.2 percent of its value. Pot Stocks & ETFs: Top News In The Cannabis Industry For The Week

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