Tuesday, October 02, 2018 6:07:09 PM
Shares of volatile cannabis company Tilray dropped as much as 20 percent Tuesday after PepsiCo told investors it has no plans to invest in pot. "I think the difficulties in investing in that category, particularly in the U.S., where federally these things are still not legal, are quite a considerable challenge," Pepsi's CFO said. Cannabis stocks fell across the board Tuesday after PepsiCo PEP told investors that the food and beverage giant said it has no plans to invest in marijuana.
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