Why These 3 Marijuana Stocks Rocketed Higher This Week

Canadian marijuana stocks have been on fire this week. Speaking to this point, Aurora Cannabis (NASDAQ: ACB) saw its shares soar by 88% through the first three and a half days of trading this week, while Cronos Group (NASDAQ: CRON) and SNDL (NASDAQ: SNDL) managed a 17.5% and 19.2% gain, respectively, over this same period, according to data provided by S&P Global Market Intelligence.

These impressive increases contrast with the modest 1.22% rise of the S&P 500 index over the same period. Furthermore, Aurora Cannabis, Cronos Group, and SNDL had all suffered significant losses in the past 12 months before this week's sudden reversal.