Bloomberg

Pot Stocks Slump as U.S. Legalization Efforts Wane

(Bloomberg) — Cannabis stocks suffered their worst week since the start of the pandemic as the glacial pace of federal legalization efforts in the U.S. sowed more doubts it will happen anytime soon. Most Read from BloombergNew York City Is Building a Wall of Oysters to Fend Off FloodsA Denser City, But at What Cost?The Women Behind Historic House DesignsAn Oil Company Went Up in Flames, Burning Lenders and the PlanetHong Kong’s New Museum Tries to Please Art World — and BeijingThe largest fund