By Dean SealU.S. cannabis stocks pulled back after The Wall Street Journal reported over the weekend that some federal officials have concerns about loosening restrictions on marijuana. AdvisorShares Pure US Cannabis, a popular exchange-traded fund tracking marijuana stocks, was down 5.5% at $7.66 in late trading. The stocks of Green Thumb Industries, Verano Holdings and Trulieve Cannabis, three major operators in the U.S., pulled back 4% to 6%. Canadian cannabis stocks declined as well. Citing anonymous sources, The Wall Street Journal reported on Saturday morning that some federal officials are at odds over President Biden's push to ease restrictions around cannabis.

Source: Wall Street Journal March 11, 2024 19:43 UTC