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Why Marijuana Stocks Are Smoking Hot Today

·2 min read
Why Marijuana Stocks Are Smoking Hot Today
In this article:
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Marijuana stocks are having a terrific Tuesday, with OrganiGram Holdings (NASDAQ: OGI) shares gaining 8% as of 11:35 a.m. ET, Aurora Cannabis (NASDAQ: ACB) up a strong 9%, and Hexo Corp (NASDAQ: HEXO) leading the whole pack higher with a 12.8% gain. You can thank Senate Majority Leader Chuck Schumer for that. The only actual stock-specific news for this bunch today concerns Hexo, which yesterday announced that the Nasdaq Stock Market has issued it a "compliance with the minimum bid price requirement," warning Hexo that unless it gets its $0.63 share price hiked back up to $1 or more, it's at risk of being delisted from the Nasdaq.