What's Going On With Canopy Growth Stock?
Portfolio Pulse from Henry Khederian
Shares of Canopy Growth Corp (NASDAQ:CGC) have risen by 11.6% to $1.04 due to a recent surge in the cannabis sector. This surge is attributed to the Department of Health and Human Services' proposal to reclassify marijuana to a lower-risk drug category. Canopy Growth's stock has risen over 50% in the past week alone.
September 11, 2023 | 1:45 pm
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Canopy Growth Corp's stock has seen a significant rise due to the proposed reclassification of marijuana. The stock has risen over 50% in the past week.
The proposed reclassification of marijuana by the Department of Health and Human Services has led to a surge in the cannabis sector. As a major player in this sector, Canopy Growth Corp has directly benefited from this surge, leading to a significant rise in its stock price.
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