Aurora Cannabis And Canopy Growth Stocks Get Higher: What’s Going On?
Cannabis stocks Aurora Cannabis Inc. (NASDAQ:ACB) and Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher Tuesday. Here’s a look at what’s going on.
The Details:
Florida’s Supreme Court ruled on Monday to allow an initiative that would legalize recreational marijuana to appear on the state’s ballot in November.
If approved by 60% of voters, the proposal would legalize the “non-medical personal use of marijuana products and marijuana accessories by an adult” 21 or older in the state.
Cannabis stocks have rallied significantly amid legalization in Germany and renewed hopes of rescheduling in the U.S. with Aurora climbing more than 50% and Canopy Growth up over 160% over the past month. …