Why Marijuana Stocks Aurora Cannabis, Canopy Growth, Cronos Group, HEXO, and OrganiGram Are Crushing It Today
It's developing into a banner day for Canadian marijuana stocks. Shares of Aurora Cannabis (NYSE: ACB) were soaring 19.3% higher as of 12:10 p.m. on Thursday. Canopy Growth's (NYSE: CGC) shares were jumping 19.8% higher. Cronos Group (NASDAQ: CRON) stock was up 14.7%. HEXO (NYSE: HEXO) (TSX: HEXO) and OrganiGram Holdings (NASDAQ: OGI) were vaulting 33.7% and 20.7% higher, respectively.
What caused all the buzz? Perhaps the most important milestone toward the legalization of marijuana in the U.S. so far was reached yesterday. The U.S. House of Representatives Judiciary Committee voted 24-10 on Wednesday to remove marijuana from the Controlled Substances Act, which would make cannabis legal throughout the U.S.
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Source Fool.com
