Written by Amy Legate-Wolfe at The Motley Fool Canada
Canopy Growth (TSX:WEED) continued to see its shares climb higher and higher this week, as the cannabis producer benefitted from some news coming from our southern neighbours. WEED stock is now up 16% as of Wednesday when writing this article, on top of even more growth after an announcement earlier this week.
What happened
The bull run started among cannabis stocks in general as Vice President Kamala Harris followed up on her urging to reschedule marijuana under a less restrictive Schedule of drug classification. Harris called on the Drug Enforcement Agency (DEA) to speed up the rescheduling, and immediately change it under the Controlled Substance Act.
“I cannot emphasize enough that they need to get to it as quickly as possible,” Harris said of the ongoing scheduling review. “And we need to have a resolution based on their findings and their…
