Monday, November 28, 2022

Cannabis company Canopy applauds Biden’s marijuana pardons as stock surges

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  • Canopy Growth Corporation shares jumped 22% Thursday after President Joe Biden announced he’ll pardon thousands of people for federal marijuana offenses.
  • The Canada-based cannabis company applauded Biden’s decision.
  • Earlier Thursday, Constellation Brands, which owns a large chunk of Canopy, recorded a $1 billion writedown related to the cannabis venture.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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