Why Marijuana Stocks Glowed Green Today

Three United States senators announced yesterday evening that they will push to end the outlawing of cannabis and begin the process of legalizing marijuana at the federal level this year.

Shares of major marijuana stocks including Canopy Growth (NASDAQ: CGC), Aurora Cannabis (NYSE: ACB), Cronos (NASDAQ: CRON), and Clever Leaves Holdings (NASDAQ: CLVR) leapt on the news Tuesday, up 5.5%, 10.1%, 10.9%, and 18.6% (!), respectively, as of early afternoon.

Image source: Getty Images.

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Source Fool.com