Why Aphria, Canopy Growth, and Cronos Group Stocks Jumped Today

Shares of Aphria (NASDAQ: APHA), Canopy Growth (NYSE: CGC), and Cronos Group (NASDAQ: CRON) climbed on Monday, as marijuana stocks furthered their ascent. As of 12:30 p.m. EDT, their stocks were up 10%, 9%, and 5%, respectively.

Cannabis stocks rose sharply last week after Vermont Gov. Phil Scott said he wouldn't veto a measure that would legalize sales of recreational marijuana in the state. The cannabis industry received more good news when U.S. Sen. Kamala Harris said former Vice President Joe Biden would decriminalize marijuana at the federal level if elected president. 

Investors are growing increasingly excited about cannabis companies' growth prospects. Image source: Getty Images.

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Source Fool.com