A worker checks cannabis plants at a medical cannabis farm.
Ognen Teofilovski | Reuters
Shares of a handful of cannabis stocks are surging on Wednesday, the newest set of targets from the Reddit trading community betting on the federal legalization of the plant under the new Democratic administration.
Shares of Tilray are up about 25% on Wednesday, brining the stock’s year-to-date gain to more than 530%. Canopy Growth is up 4%, adding to its 100% rally in 2021. Aphria is also popping 10% on Wednesday, adding to its 275% gain this year. Aurora Cannabis is up 11%, bringing its year-to-date gain to more than 100%.
The group of cannabis companies are garnering attention from the same…