#: Canopy Growth’s stock trades above $1 for first time since May

Canopy Growth Corp.’s stock continued rallying on Monday as it broke through the $1 level for the first time since May as cannabis optimism builds from retail investors in the wake of a historic move to re-schedule marijuana.

Canopy Growth CGC jumped nearly 40% to $1.30 a share, following through on a 23% rally in the previous session. At its current level, the stock is now up 137% in the past week. Between Sept. 1 and Sept. 8, the stock rose 69.4%, according to Dow Jones Market Data.

The…