Two days after Wednesday’s vice presidential debate, marijuana stocks are on a tear — and that’s no coincidence.
For the second day in a row, shares of Canopy Growth (NYSE:CGC) — already the biggest marijuana stock on the block at a $6.6 billion market cap — are up. In 11:15 a.m. EDT trading Friday, Canopy stock gained 2.4%. Smaller players including Hexo Corp (NYSE:HEXO), Curaleaf (OTC:CURLF) and Charlotte’s Web (OTC:CWBHF) are rising as well, up 2.3%, 9.1%, and 9.5%, respectively.
Notably, not all of the “marijuana stocks” named above are actually engaged primarily in the sale of marijuana, per se. Charlotte’s Web, for example, focuses on producing “hemp-based cannabidiol wellness products.” But positive sentiment seems to be lifting the entire…