Here's Why Pot Stocks Are Surging Today

Canadian pot stocks are getting a much-needed breather from their nearly yearlong downward trend today. In pre-market trading, Cronos Group (NASDAQ: CRON) was the biggest winner, with shares hitting a peak of 33% on heavy volume. And Aurora Cannabis (NYSE: ACB), Canopy Growth (NYSE: CGC), HEXO (NYSE: HEXO), OrganiGram Holdings (NASDAQ: OGI), and Tilray (NASDAQ: TLRY) all saw their shares jump by more than 3% in pre-market action on Thursday  

What's behind this sea of green? Today marks the official opening of Cannabis 2.0, which legalizes the sale of cannabis-infused beverages, edibles, concentrates, and topicals in Canada. That said, companies will still need to seek approval for their derivative cannabis products from Health Canada. As a result, consumers won't be able to legally buy these products until mid-December.  

Image source: Getty Images.

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Source Fool.com