Why Aurora Cannabis, Canopy Growth, and Other Marijuana Stocks Surged TodayPosted by On

What happened

Shares of Aurora Cannabis (NYSE:ACB), Canopy Growth (NYSE:CGC), and a host of other cannabis stocks moved sharply higher on Thursday, following comments by Democratic vice presidential candidate Sen. Kamala Harris and Republican Gov. Phil Scott of Vermont. By the close of trading, Aurora and Canopy’s stocks were up 10.6% and 13.6%, respectively.

So what

Sen. Harris said during the vice presidential debate on Wednesday that if elected, former vice president Joe Biden would decriminalize marijuana. That same day, Gov. Scott announced that he would allow the legalization of marijuana to move forward in his state. 

A U.S. flag with a cannabis leaf in the place of the stars.

Cannabis stocks caught fire on Thursday as investors grew more hopeful that legalization in the U.S. could come sooner than expected. Image source: Getty Images.


Original Author Link click here to read complete story..



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.