Why Pot Stocks Are Crushing It Today

Some of Canada's biggest licensed producers of cannabis are poised for a huge day on Wall Street today. In pre-market trading Monday morning, Aphria's (NASDAQ: APHA) shares perked up by a healthy 20.3%, Aurora Cannabis (NYSE: ACB) saw its stock gain 40%, and Canopy Growth (NYSE: CGC) tacked on a respectable 13.7%.

Although both Aurora and Canopy Growth are set to release their latest quarterly earnings reports ahead of the bell today, the real reason these stocks are perking up in early morning action is the growing belief among some investors that the U.S. may change its tune toward cannabis following the recent election. Vice President-elect Kamala Harris, after all, has stated in the past that she is an advocate for federal cannabis legalization. Top view of a flowering cannabis plant.