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Canadian marijuana stocks are smokin'

California's move to legalise pot and a new ETF have sent Canadian pot stocks roaring.

Aoyon Ashraf Lily Jamali

Published Sat, Jan 06, 2018 · 5:50 am
While few Canadian companies have direct exposure to the US pot market, brisk buying stateside might be a sign of things to come when Canada legalises the drug by July 5.

California

LONG lines to buy marijuana in California and a new exchange-traded fund (ETF) sent Canadian pot stocks roaring into the new year.

THC BioMed International Ltd surged 70 per cent intraday and CannaRoyalty Corp jumped 27 per cent at 2.38 pm in Toronto on Tuesday, pushing the BI Canada Cannabis Competitive Peers Index up 13 per cent to a record, extending a run that has seen it almost triple since November.

While few Canadian companies have direct exposure to the US pot market - and may run...

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