Why Canopy Growth Stock Keeps On Growing

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Tuesday was a great day to own marijuana stocks, as industry bellwether Canopy Growth (NASDAQ: CGC) led the charge higher on news that President Joe Biden has thrown his support behind federal legalization of medical marijuana. Today, Canopy Growth stock continues growing higher, up 8.8% through 9:45 a.m. ET on further encouraging news out of Washington, D.C. Specifically, Senate Majority Leader Chuck Schumer gave a floor speech late yesterday in which the senator promised to make "progress" on cannabis legislation this year, as Marijuana Moment reports.