Cannabis sector trades lower, despite GW Pharmaceutical (GWPH) rallying after reporting earnings

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“The cannabis market is highly correlated to the overall equity market at this point,” said Korey Bauer, portfolio manager of the Cannabis Growth CANNX,  +0.10%   mutual fund recently launched by Foothill Capital Management. “As the market matures, they will trade similarly to health care or consumer staples.” Canopy Growth Corp.

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