What’s Going On With Canopy Growth Stock?
Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher Monday. Cannabis stocks have gained recently as optimism regarding potential federal policy changes grows. Investors also assess Biden’s announcement that he will exit the 2024 presidential race.
The Details:
Optimism is growing among cannabis investors following a series of political developments in the United States. Mostly recently, President Joe Biden suspended his campaign and endorsed Vice President Kamala Harris as the Democratic Presidential candidate on Sunday.
Investors may be encouraged by the prospect of a Kamala Harris Presidential candidacy as she has been an outspoken proponent of the decriminalization of marijuana. Harris called the current classification of marijuana under federal law “absurd” during a White House event in March and said she is looking …