What's Going On With Canopy Growth Stock Today?

Canopy Growth Corporation CGC shares are trading higher Friday, and the stock has gained more than 20% over the past five days.

What To Know:

Canopy Growth shares continue to move higher on upward momentum, gaining nearly 30% over the past month.

Martha Stewart CBD and Canopy Growth recently launched a line of CBD gummies combining Martha Stewart's flavor profiles with Canopy's cannabis expertise.

"I discovered CBD several years ago as a simple, effective, and natural solution to help address the discomforts of everyday life,” said Martha Stewart.

“Having benefited greatly from it myself, I set out to create a delicious and premium line of gummies that taste as good as they make you feel."

According to a Forbes report, Republican Representative David Joyce will soon file legislation to amend the Controlled Substances Act and remove state-legal marijuana as a Schedule I drug.

According to data from Benzinga Pro, shares of CGC are trading above the stock's 50-day moving average of 61 cents and below its 52-week high low of $3.59

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CGC Price Action: According to Benzinga Pro, Canopy Growth shares are up by 2% at 74 cents at the time of publication.

Image: TungArt7 from Pixabay