Why Marijuana Stocks Popped TodayPosted by On

What happened

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.

Marijuana plants

Image source: Getty Images.

So what

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…

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