Canopy Growth (CGC) Heads Higher with Upcoming Vote to Legalize Weed

Canopy Growth Corp (CGC) is todays under 30-stock. In this segment Jenny Horne and Alex Coffey discuss how a vote to legalize marijuana in the U.S. House this week is affecting cannabis stocks such as Canopy Growth Corp (CGC). Jeff Pierce joins Alex and Jenny and explains why companies like Canopy Growth Corp (CGC) have been losing money but are hanging in there with the hope of marijuana legalization. Alex asks if today’s rally is due to the impending house vote or if it could be a coincidental part of the current rally of meme stocks and crypto resurgence. Jeff talks about Constellation Brands (STZ) sizable and long-term investment in Canopy Growth Corp (CGC) and explains the reasons why Constellation (STX) is so invested in Canopy Growth (CGC).