The US cannabis sector approaches this week’s open carrying the weight of a difficult Friday session. With US markets yet to open at the time of writing, all prices below reflect Friday 15 May closing levels, and the picture is predominantly red. Following Thursday’s coverage on Business of Cannabis, which found GrowGeneration at US$1.61 and AFC Gamma sliding 9%, Friday brought a pronounced and broad-based selloff: 29 of 38 tracked tickers with valid data closed lower against the prior session, with only eight names finishing in positive territory. OTC-listed names carry Friday pricing as of the last available intraday update.
The scale and breadth of the selling left few corners of the sector untouched. Ascend Wellness Holdings (AAWH) posted the steepest percentage decline, falling 17.34% to US$0.47. Curaleaf Holdings (CURLF), the largest US multi-state operator by market presence, dropped 13.35% to US$3.41. Trulieve Cannabis (TCNNF) fell 9.14% to US$7.26, Cresco Labs (CRLBF) shed 9.89% to US$0.85, and Jushi Holdings (JUSHF) declined 8.25% to US$0.45. Against that backdrop, the AdvisorShares Pure US Cannabis ETF (MSOS) fell 8.88% to US$4.41, confirming the pressure as broad rather than name-specific, with Cannabis Stocks Today data marking it as a second consecutive week of material losses for the benchmark.
| Ticker | Company | Current Price | Change ($) | Change (%) |
|---|---|---|---|---|
| AAWH | Ascend Wellness Holdings | $0.47 | -$0.10 | -17.34% |
| CURLF | Curaleaf Holdings | $3.41 | -$0.53 | -13.35% |
| AYRWF | Ayr Wellness | $0.0134 | -$0.0016 | -10.67% |
| IPW | iPower Inc. | $0.83 | -$0.10 | -10.23% |
| CRLBF | Cresco Labs | $0.85 | -$0.09 | -9.89% |
| TCNNF | Trulieve Cannabis Corp | $7.26 | -$0.73 | -9.14% |
| MSOS | AdvisorShares Pure US Cannabis ETF | $4.41 | -$0.43 | -8.88% |
| CNBS | Amplify Seymour Cannabis ETF | $25.74 | -$2.33 | -8.30% |
| JUSHF | Jushi Holdings | $0.45 | -$0.04 | -8.25% |
| CRBP | Corbus Pharmaceuticals | $11.03 | -$0.95 | -7.93% |
| AFCG | AFC Gamma | $3.06 | +$0.17 | +5.88% |
| YOLO | AdvisorShares Pure Cannabis ETF | $2.86 | -$0.18 | -5.77% |
| GRWG | GrowGeneration Corp | $1.61 | +$0.08 | +5.23% |
| GTBIF | Green Thumb Industries | $7.00 | -$0.38 | -5.15% |
| MJ | ETFMG Alternative Harvest ETF | $24.90 | -$1.28 | -4.89% |
| IMCC | IM Cannabis Corp | $0.23 | -$0.01 | -4.53% |
| VEXTF | Vext Science | $0.22 | +$0.01 | +4.14% |
| SMG | Scotts Miracle-Gro Company | $56.63 | -$2.41 | -4.08% |
| CRON | Cronos Group | $2.63 | -$0.11 | -4.01% |
| CBWTF | Auxly Cannabis Group | $0.1015 | -$0.0035 | -3.33% |
| TLRY | Tilray Brands | $5.32 | -$0.18 | -3.27% |
| CGC | Canopy Growth Corporation | $1.04 | -$0.03 | -2.80% |
| GLASF | Glass House Brands | $9.70 | -$0.22 | -2.21% |
| IXHL | Incannex Healthcare | $3.96 | +$0.08 | +2.06% |
| SNDL | SNDL Inc. | $1.43 | -$0.03 | -2.05% |
| TPB | Turning Point Brands | $89.56 | -$1.68 | -1.84% |
| OGI | OrganiGram Holdings | $1.07 | -$0.02 | -1.83% |
| IIPR | Innovative Industrial Properties | $53.98 | -$0.86 | -1.57% |
| VFF | Village Farms International | $2.61 | -$0.03 | -1.14% |
| MAPS | WM Technology (Weedmaps) | $0.39 | +$0.01 | +1.30% |
| STZ | Constellation Brands | $142.35 | +$1.74 | +1.24% |
| JAZZ | Jazz Pharmaceuticals | $228.77 | -$2.28 | -0.99% |
| MO | Altria Group | $73.09 | +$0.68 | +0.94% |
| ACB | Aurora Cannabis | $3.32 | -$0.03 | -0.90% |
| REFI | Chicago Atlantic Real Estate Finance | $11.26 | -$0.06 | -0.53% |
| HITI | High Tide Inc. | $2.41 | +$0.01 | +0.42% |
| ABBV | AbbVie Inc. | $210.39 | -$0.38 | -0.18% |
| EEX | Emerald Holding Inc. | $4.99 | $0.00 | 0.00% |
Curaleaf Holdings, currently at US$3.41, fell 13.35% on Friday across a session range of US$3.35 to US$4.04. The stock has been testing the US$4.00 level in recent sessions, and Friday’s close pulls it further from that mark. The move appears consistent with sector-wide selling rather than a company-specific announcement; no disclosure was publicly available at time of writing. As the US regulatory process continues without a confirmed rescheduling timeline, Curaleaf and its MSO peers remain exposed to sharp sentiment-driven declines. Ayr Wellness (AYRWF) fell 10.67% to US$0.0134, reinforcing the pattern of disproportionate selling in smaller-cap operators.
Ascend Wellness Holdings posted the session’s sharpest single-session fall, closing at US$0.47 after touching an intraday low of US$0.45. The northeastern US operator fell from a prior close of US$0.57, a decline of 17.34%, with no specific catalyst publicly available at time of writing. iPower Inc (IPW), which supplies growing equipment to cannabis cultivators, also fell sharply, dropping 10.23% to US$0.83, a reminder that ancillary exposure to the operator segment carried its own risks on Friday.
AFC Gamma (AFCG) stood out as the session’s most notable positive mover, gaining 5.88% to close at US$3.06. The cannabis-focused senior secured lender had dropped roughly 9% in Thursday’s session, and Friday’s partial reversal brings some stability to a name that has otherwise tracked the broader sector lower in recent weeks. GrowGeneration (GRWG) added 5.23% to US$1.61, maintaining its position as one of the more resilient ancillary names in the cohort. The hydroponic supply distributor has now closed at or above US$1.60 in consecutive sessions. MSOS at US$4.41, meanwhile, reflects the aggregate damage across the operator universe: its 8.88% decline on Friday tracked alongside a near-identical fall in the Amplify Seymour Cannabis ETF (CNBS, down 8.30% to US$25.74), suggesting consistent pressure across multiple fund structures exposed to the same underlying names.
As the week opens, the sector’s posture remains under pressure across all major segments. All four tracked ETFs closed Friday lower, and the concentration of declines in large, liquid names such as Curaleaf, Trulieve, and Cresco alongside steeper falls in smaller operators points to broad selling rather than isolated micro-cap volatility. Canadian-listed names including Tilray Brands (TLRY, at US$5.32) and Canopy Growth (CGC, at US$1.04) also lost ground, though with narrower percentage declines than their US peers. For ongoing pricing and historical context, see our daily stocks coverage throughout today’s session. Track all cannabis stocks live on the Business of Cannabis Stocks Tracker.
