Weekly Cannabis Stock News: 4/20 Was a Bust in 2020

It's a symbol, an attitude, and a code all at once: The number 420 has become a significant element of cannabis culture. This is why April 20 (4/20, see) is an unofficial holiday for fans of the substance. It wasn't such a love-fest this year, though. With many people stuck inside their homes and only making the occasional forays to the outside world, marijuana sales saw a big drop-off this 4/20.

Yet in somewhat of a contrast, marijuana stocks actually did quite well over the course of the five trading days. Many traded higher across the week, in contrast to the dip experienced by the S&P 500. One stock that grew was Canopy Growth (NYSE: CGC), and it had a good reason or two to experience an uptick.

Image source: Getty Images.

Source Fool.com