Creso Pharma (ASX:CPH) share price up 8% today, 200% in a week

The Creso Pharma Ltd (ASX: CPH) share price has been rocketing higher over the last few days of trading, driven by positive updates. These included an announcement yesterday that the United Nations (UN) will reclassify cannabis as a less dangerous drug. 

The Creso share price has risen by 200% since 27 November, including a 65% price rise yesterday, and today’s increase of 8.25%. At the time of writing, Creso shares are trading at 10.5 cents.

UN landmark announcement

Creso announced yesterday that it is set to benefit from a landmark UN decision to reclassify cannabis as a less dangerous drug.

The vote was cast by the UN on 2 December 2020, after a series of recommendations were put forward by the World Health Organisation…