Congress is hard at work trying to pass a new law to legalize marijuana (in case you hadn't heard ), and as the work progresses, investors in marijuana stocks are starting to get excited.
In particular, news reports on progress in Congress helped boost the shares of marijuana stocks. As of 3:10 p.m. EDT, Canopy Growth (NASDAQ: CGC) is up 6%, Aurora Cannabis (NASDAQ: ACB) is up 6.8%, and Charlotte's Web Holdings (OTC: CWBHF) is up 2.6%.
Curiously, though, the best news today may be on Charlotte's Web -- the stock that's gaining the least.
For further details see:
Why Aurora Cannabis, Canopy Growth, and Charlotte's Web Stocks Are Hopping Today