Trade of the Day: Buy Canopy Growth (CGC) Stock Call Options on Rescheduling News
Canopy Growth(CGC) InvestorPlace·2024-05-01 20:43
Following a major breakthrough, cannabis operators such as Canopy Growth (NASDAQ:CGC) saw their shares rise dramatically yesterday. As InvestorPlace’s Shrey Dua reported, President Joe Biden’s administration is moving to reschedule marijuana as a Schedule III substance. At the moment, cannabis carries the tougher Schedule I classification. With the decision potentially opening doors, CGC stock call options look mighty tempting.Fundamentally, the Schedule III downgrade would put marijuana on the same legal l ...