What’s Going On With Marijuana Producer Canopy Growth Stock?
Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher Wednesday, and the stock has gained more than 50% since Monday. Here’s a look at what’s going on.
The Details:
Cannabis stocks got a lift following comments from Vice President Kamala Harris that the DEA needs to move quickly to reschedule marijuana.
“This issue is stark when one considers the fact that on the schedule currently, marijuana is considered as dangerous as heroin. Marijuana is considered as dangerous as heroin and more dangerous than fentanyl,” Harris said.
“I cannot emphasize enough that they need to get to it as quickly as possible, and we need to have a resolution based on their findings and their assessment,” Harris added.
Canopy Growth shares are moving …