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.
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.