Why Marijuana Stock OrganiGram Holdings Tumbled by 9% on Tuesday

Why Marijuana Stock OrganiGram Holdings Tumbled by 9% on Tuesday

One prominent example on Tuesday was Canada's OrganiGram Holdings (NASDAQ: OGI), which closed 9% lower. Rather, OrganiGram on Tuesday seemed to fall victim to investor gloom that settled over marijuana stocks generally, with top names such as Aurora Cannabis and Aphria also declining. Outside of some restructuring news from Aurora, there wasn't much in the way of material developments to drive the sector down as a whole.