LOS ANGELES (AP) — Cannabis stocks are flying high after voters in New Jersey, Arizona and three other states cleared the way for expanding legal sales of marijuana.

Shares in some of the biggest cannabis companies, including Aurora Cannabis, Canopy Growth and Cresco Labs, are up between 24 per cent and 75 per cent so far this month. By comparison, the benchmark S&P 500 index is up 11 per cent.

Investors are encouraged because the successful ballot initiatives broaden the potential market for legal cannabis sales and show marijuana is becoming increasingly more accepted throughout the United States

The stocks began rallying after election day. Voters in New Jersey, Arizona, Montana and South Dakota approved legalising sales of marijuana for adults. South Dakota also approved sales for medical use, as did Mississippi.

http://www.jamaicaobserver.com/news/cannabis-stocks-surge-as-us-election-opens-new-markets_208503