Cannabis Stock Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED.TO) Boosted by Trump Comments
September 9, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, including cannabis stocks reports on trading for Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives.
Canopy Growth (TSX: WEED) (NASDAQ: CGC) and other pot stocks are up in today's trading following Trump saying he supports the proposed lowering of the federal classification of cannabis.
Canopy Growth made the TSX top percentage gainer list , currently trading at $6.77, up 0.70,gaining 11.53% on volume of over 878,000 shares at the time of this report, The stock had a morning high of $6.91 on the TSX.
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), a leading Canadian-based global medical cannabis company is trading at $7.87, up 0.54, gaining 7.37% on the TSX.
President Trump posted on truth social - "As I have previously stated, I believe it is time to end needless arrests and incarcerations of adults for small amounts of marijuana for personal use. We must also implement smart regulations, while providing access for adults, to safe, tested product. As a Floridian, I will be voting YES on Amendment 3 this November. As President, we will continue to focus on research to unlock the medical uses of marijuana to a Schedule 3 drug, and work with Congress to pass common sense laws, including safe banking for state authorized companies, and supporting states' rights to pass marijuana laws, like in Florida, that work so well for their citizens."
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