Pot Stocks Soar as California Gets Ready to Get High

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Marijuana companies are higher than ever as California rolls toward recreational legalization.

The BI Canada Cannabis Competitive Peers index is having its best day ever as Californians prepare to light up, or eat up, marijuana products starting Jan. 1 at 12 a.m. Among those reaching intraday records are Canopy Growth Corp., Cronos Group Inc., and producer Aphria Inc.

Some marijuana companies are creating multinational franchises on the heels of legalization, said RBC analyst Nik Modi this month.

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