CGC shares hopped up 14% today. A closer look at the stock:

Shares of Canopy Growth Corp (CGC) are trading 14% higher at a price of $3.08 at the time of this writing. The cannabis consumer product company is seeing an increase in share price. While the company reported disappointing Q2 results and has a negative consensus outlook moving into Q3 traders seem to think it's worth buying the dip. Cannabis stocks are also moving on the announcement Senator Patrick Leahy is backing a cannabis support bill.

Canopy Growth Corp has been trading between a 52-week high of $19.85 and a 52-week low of $2.13. The stock has a market cap of $1.52 Billion.

Canopy Growth is a world-leading diversified cannabis and cannabinoid-based consumer product company, driven by a passion to improve lives, end prohibition, and strengthen communities by unleashing the full potential of cannabis. Leveraging consumer insights and innovation,the Company offers product varieties in high quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as well as vaporizer devices by Canopy Growth and industry-leader Storz & Bickel. Its global medical brand, Spectrum Therapeutics, sells a range of full-spectrum products using its colour-coded classification system and is a market leader in both Canada and Germany.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

TrophyWifeAspiration - 1 upvotes - source
Why CGC +20%? weed is legal? or just meme nonsense?