HEXO - Why Aurora Cannabis Hexo and Aphria Stocks Ran Higher Today
As the trading week winds down, marijuana stocks are moving up once again. In the final 15 minutes of trading Friday, shares of Aurora Cannabis (NYSE: ACB) are up 4.2%, Hexo (NYSE: HEXO) is up 4%, and Aphria (NASDAQ: APHA) is hanging onto a 3.6% gain.
There's no company-specific news on the wires today to explain why these stocks in particular are rising. There is, however, a pretty sizable slew of news about the progress of marijuana legalization in general.
Across the U.S., 17 states and the District of Columbia have legalized marijuana for recreational use, and 36 states permit cannabis to be used for medicinal purposes . This week, Virginia moved to join the legal marijuana party, with Gov. Ralph Northam legalizing recreational marijuana beginning July 1.
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Why Aurora Cannabis, Hexo, and Aphria Stocks Ran Higher Today