By Anvee Bhutani
Cannabis-linked shares fell Wednesday after the U.S. government funding bill to end the shutdown included language tightening rules on hemp-derived THC products.
Shares of cannabis company Tilray Brands $(TLRY)$ have dropped about 5%, while Green Thumb Industries (GTBIF) slipped 2.3%. Marijuana-linked exchange-traded funds are also trading lower, with the AdvisorShares Pure U.S. Cannabis ETF $(MSOS)$ down about 3% and the Cambria Cannabis ETF (TOKE) off 2.2%.
Trulieve Cannabis Corp. (TCNNF) shares fell around 4.5% Tuesday but rebounded some Wednesday.
Tilray criticized the hemp provision, calling it a "misguided" step that risks pushing consumers toward unregulated products. "Prohibition and overly restrictive measures do not work," the company said in a statement, urging Congress to adopt "smart, forward-looking regulation."
Read more about what this means for the hemp market.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
November 12, 2025 15:52 ET (20:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments