From Nasdaq:



The article discusses the high market activity in marijuana stocks due to positive news from the White House regarding pardons for individuals convicted of marijuana offenses. President Joe Biden expanded his pardon, forgiving additional offenses related to marijuana possession and use under federal and D.C. laws. This move is seen as a sign of the continued thawing of restrictive U.S. marijuana laws, benefiting both domestic and Canadian pot companies. While the victory is considered small, it is viewed as consequential and may lead to additional wins in the future. The article also suggests that investors consider the potential impact of these developments on Canopy Growth stock, although it points out that the company was not among the 10 best stocks for investors to buy now, according to the Motley Fool Stock Advisor analyst team. The article concludes by stating that the author and The Motley Fool have no position in the mentioned stocks.



Original: Why Canopy Growth Stock Rocketed 14% Higher Today