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Why Marijuana Stocks Are Smoking Hot Today

Why Marijuana Stocks Are Smoking Hot Today

Marijuana stocks went on a tear Wednesday, with shares of Aurora Cannabis (NYSE: ACB) rising 9.7%, Aphria (NASDAQ: APHA) going up 9.4%, and industry giant Canopy Growth (NASDAQ: CGC) gaining 5.7% through 12:30 p.m. EST. You can thank the United Nations for that. Earlier this morning, by a vote of 27 to 25, the United Nations Commission on Narcotic Drugs approved a decision to remove cannabis from Schedule IV of the U.N.'s 1961 Single Convention on Narcotic Drugs.