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Cannabis Stocks Dip: How Rising Interest Rates Impact Your Portfolio

Benzinga ·  Oct 23, 2023 12:19

On Friday, cannabis stocks traded lower with the overall market.Marketfy analyst Michael Bergerwill be monitoring how the sector performs this week.

However, as he mentioned in his subscription product, Benzinga PotProfits (which can be found on marketfy.com), he is not surprised by the market weakness as interest rates continue to rise. In his view, this is a trend that readers should be aware of.

Some stocks to highlight from last week include:

  1. Canopy Growth (NASDAQ:CGC) ended the week on a down note and dropped almost 5%. Berger is cautiously following the Canadian cannabis company and will be...
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