The cannabis sector is entering Wednesday’s pre-market session in broadly negative territory, with the US benchmark fund MSOS now sitting at $4.74, a retreat from $5.05 at Tuesday’s close. This represents an unwinding of the gains reported in Monday’s session covered by Business of Cannabis, when the ETF climbed to $5.01. Data below reflects closing prices from the US market session on Tuesday 3 June; OTC-listed names carry the same session timestamp, though these tickers are subject to a one-day reporting lag. The New York open is approximately two hours away at time of writing.
Of 38 names with valid data, 27 are trading below their previous close, nine are in positive territory, and two are flat against yesterday’s close. Trulieve Cannabis is the session’s sharpest operator mover, currently at $8.61, down 7.6% from $9.32. Jushi Holdings trades at $0.47, off 6.5%, and AFC Gamma sits at $3.50, down 6.2%. The gainers are few and concentrated outside pure-play cannabis. Turning Point Brands is the sole large-cap positive mover, up 4.6% to $86.24, and Glass House Brands is the only US cannabis cultivator in positive territory, at $11.33.
Trulieve Cannabis commands the most attention among US operators. TCNNF currently trades at $8.61, off $0.71 from a previous close of $9.32, a decline of 7.6% that is the largest single-session percentage fall among the US multistate operators tracked here. The stock sits at its session low. Green Thumb Industries and Curaleaf Holdings extend the pattern: GTBIF is at $7.65, down 4.6% from $8.02, while CURLF is at $3.41, off 5.0% from $3.59. Cresco Labs trades at $0.87, down 5.0%. The sell-off is consistent across the multistate operator cohort; no single earnings release or regulatory filing has been identified as the proximate driver at time of writing.
Turning Point Brands is the clearest outlier on the day. TPB trades at $86.24, up $3.79 from a previous close of $82.45, a gain of 4.6% that takes it to its session high. The company manufactures Zig-Zag rolling papers and Stoker’s smokeless tobacco products, giving it indirect exposure to the cannabis accessories and consumables market. The gain stands in contrast to the weakness across the rest of the sector; no specific corporate announcement has been identified as the driver.
Glass House Brands offers a positive signal from the cultivator side, with GLASF at $11.33, up 1.9% from $11.12, holding above the $11 level while most peers trade lower. Jazz Pharmaceuticals, which holds the cannabinoid medicine portfolio of the former GW Pharmaceuticals including Epidiolex, trades at $230.93, up 2.1%. The divergence between pharmaceutical-grade cannabinoid names and plant-touching US operators is a recurring theme in this market; Wednesday’s pre-market is consistent with that pattern.
Across the cannabis ETFs, all four names on this list are lower. MSOS is at $4.74, down 6.1%; YOLO at $2.91, off 5.8%; CNBS at $27.88, down 4.6%; and MJ at $25.60, down 3.3%. The uniform ETF weakness mirrors the operator declines and points to broad selling across the US cannabis universe rather than rotation between individual names.
With the New York session yet to open, price levels above reflect Tuesday’s final trades and will update once US markets open at 14:30 BST. Track all cannabis stocks live on the Business of Cannabis Stocks Tracker.
The post Cannabis Stocks Today — Wednesday 4 June 2026: MSOS Falls to .74 as US Operators Extend Losses appeared first on Business of Cannabis.
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Of 38 names with valid data, 27 are trading below their previous close, nine are in positive territory, and two are flat against yesterday’s close. Trulieve Cannabis is the session’s sharpest operator mover, currently at $8.61, down 7.6% from $9.32. Jushi Holdings trades at $0.47, off 6.5%, and AFC Gamma sits at $3.50, down 6.2%. The gainers are few and concentrated outside pure-play cannabis. Turning Point Brands is the sole large-cap positive mover, up 4.6% to $86.24, and Glass House Brands is the only US cannabis cultivator in positive territory, at $11.33.
| Ticker | Company | Current Price | Change ($) | Change (%) |
|---|---|---|---|---|
| AYRWF | Ayr Wellness Inc. | $0.0183 | +$0.0013 | +7.65% |
| TCNNF | Trulieve Cannabis Corp | $8.61 | -$0.71 | -7.62% |
| JUSHF | Jushi Holdings Inc. | $0.4678 | -$0.03 | -6.51% |
| VEXTF | Vext Science Inc. | $0.1860 | +$0.01 | +6.29% |
| AFCG | AFC Gamma Inc. | $3.50 | -$0.23 | -6.17% |
| MSOS | AdvisorShares Pure US Cannabis ETF | $4.74 | -$0.31 | -6.14% |
| YOLO | AdvisorShares Pure Cannabis ETF | $2.91 | -$0.18 | -5.83% |
| IPW | iPower Inc. | $3.44 | -$0.20 | -5.49% |
| GRWG | GrowGeneration Corp | $1.61 | -$0.09 | -5.29% |
| TLRY | Tilray Brands Inc. | $5.11 | -$0.27 | -5.02% |
| CURLF | Curaleaf Holdings Inc. | $3.41 | -$0.18 | -5.01% |
| CRLBF | Cresco Labs Inc. | $0.8689 | -$0.05 | -4.97% |
| GTBIF | Green Thumb Industries Inc. | $7.65 | -$0.37 | -4.61% |
| AAWH | Acreage Holdings Inc. | $0.5249 | -$0.03 | -4.60% |
| TPB | Turning Point Brands Inc. | $86.24 | +$3.79 | +4.60% |
| CNBS | Amplify Seymour Cannabis ETF | $27.88 | -$1.33 | -4.55% |
| VFF | Village Farms International Inc. | $2.40 | -$0.10 | -4.00% |
| MJ | ETFMG Alternative Harvest ETF | $25.60 | -$0.86 | -3.25% |
| HITI | High Tide Inc. | $2.32 | -$0.07 | -2.93% |
| OGI | Organigram Holdings Inc. | $1.06 | -$0.03 | -2.75% |
| ACB | Aurora® Cannabis Inc. | $3.42 | -$0.09 | -2.56% |
| CRBP | Corbus Pharmaceuticals Holdings | $7.38 | -$0.16 | -2.12% |
| JAZZ | Jazz Pharmaceuticals PLC | $230.93 | +$4.81 | +2.13% |
| SNDL | SNDL Inc. | $1.41 | -$0.03 | -2.08% |
| REFI | Chicago Atlantic Real Estate Finance | $11.06 | -$0.22 | -1.95% |
| IMCC | IM Cannabis Corp | $0.2890 | -$0.0057 | -1.93% |
| GLASF | Glass House Brands Inc. | $11.33 | +$0.21 | +1.89% |
| CGC | Canopy Growth® Corp | $1.04 | -$0.02 | -1.89% |
| MO | Altria Group Inc. | $70.30 | +$1.06 | +1.53% |
| IIPR | Innovative Industrial Properties Inc. | $57.27 | -$0.68 | -1.17% |
| STZ | Constellation Brands Inc. | $135.40 | -$1.36 | -0.99% |
| SMG | Scotts Miracle-Gro Co. | $56.97 | +$0.55 | +0.97% |
| ABBV | AbbVie Inc. | $217.13 | +$1.73 | +0.80% |
| CRON | Cronos Group Inc. | $2.71 | -$0.02 | -0.73% |
| CBWTF | Auxly Cannabis Group Inc. | $0.1108 | -$0.0007 | -0.63% |
| IXHL | Incannex Healthcare Ltd | $3.06 | +$0.01 | +0.33% |
| MAPS | WM Technology Inc. | $0.4000 | $0.00 | 0.00% |
| EEX | Emerald Holding Inc. | $4.98 | $0.00 | 0.00% |
Trulieve Cannabis commands the most attention among US operators. TCNNF currently trades at $8.61, off $0.71 from a previous close of $9.32, a decline of 7.6% that is the largest single-session percentage fall among the US multistate operators tracked here. The stock sits at its session low. Green Thumb Industries and Curaleaf Holdings extend the pattern: GTBIF is at $7.65, down 4.6% from $8.02, while CURLF is at $3.41, off 5.0% from $3.59. Cresco Labs trades at $0.87, down 5.0%. The sell-off is consistent across the multistate operator cohort; no single earnings release or regulatory filing has been identified as the proximate driver at time of writing.
Turning Point Brands is the clearest outlier on the day. TPB trades at $86.24, up $3.79 from a previous close of $82.45, a gain of 4.6% that takes it to its session high. The company manufactures Zig-Zag rolling papers and Stoker’s smokeless tobacco products, giving it indirect exposure to the cannabis accessories and consumables market. The gain stands in contrast to the weakness across the rest of the sector; no specific corporate announcement has been identified as the driver.
Glass House Brands offers a positive signal from the cultivator side, with GLASF at $11.33, up 1.9% from $11.12, holding above the $11 level while most peers trade lower. Jazz Pharmaceuticals, which holds the cannabinoid medicine portfolio of the former GW Pharmaceuticals including Epidiolex, trades at $230.93, up 2.1%. The divergence between pharmaceutical-grade cannabinoid names and plant-touching US operators is a recurring theme in this market; Wednesday’s pre-market is consistent with that pattern.
Across the cannabis ETFs, all four names on this list are lower. MSOS is at $4.74, down 6.1%; YOLO at $2.91, off 5.8%; CNBS at $27.88, down 4.6%; and MJ at $25.60, down 3.3%. The uniform ETF weakness mirrors the operator declines and points to broad selling across the US cannabis universe rather than rotation between individual names.
With the New York session yet to open, price levels above reflect Tuesday’s final trades and will update once US markets open at 14:30 BST. Track all cannabis stocks live on the Business of Cannabis Stocks Tracker.
The post Cannabis Stocks Today — Wednesday 4 June 2026: MSOS Falls to .74 as US Operators Extend Losses appeared first on Business of Cannabis.
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