Canopy Growth Corp (NASDAQ:CGC) shares are trading higher Tuesday, adding to gains of more than 100% over the last week. Here’s a look at what’s going on.
What To Know: Canopy Growth shares appear to be rising on continued momentum following the legalization of adult-use cannabis in Germany last week.
Germany passed a law on Friday that will allow individuals to possess up to 25 grams of cannabis for personal consumption, store up to 50 grams in their homes and maintain up to three plants for home cultivation. The new law is set to go into effect on April 1.
In a press release responding to the news, Canopy Growth called the legalization a “monumental shift” in ...