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Cannabis Watch: Cannabis stocks hit by holiday slump but Aleafia shines after getting Australia export license

Cannabis stocks fell Tuesday, tracking weakness in the broader market where excitement about a U.S.-China trade truce had dissipated on concerns about how quickly a deal can be achieved.

The major indexes were lower, a day after the S&P 500 notched its sixth record of the year. Investors are waiting for key jobs data due Friday to provide direction and are holding back ahead of Thursday’s July 4 holiday.

The ETFMG Alternative Harvest exchange-traded fund MJ, -1.29% was down 0.9%, with 23 of its 38 constituent stocks falling. The Horizons Marijuana Life Sciences ETF HMMJ, -0.27% was up 0.3%, with 33 of its 54 components declining.

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