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Investors sniff at cannabis stocks after Canada legalisation

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The buzz from Canada's move to legalise the recreational use of the controversial drug proved shortlived for Australia's budding cannabis stocks as share prices drifted back from early highs.

Cannabis-related stocks made small gains on Thursday after 90 years of prohibition ended in Canada, where a number of ASX-listed companies have significant ambitions.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/business/investors-sniff-at-cannabis-stocks-after-canada-legalisation-20180621-h11obc