Cannabis Watch: Canadian market celebrates pot stocks on first day of legal recreational cannabis sales

TORONTO—Trading of cannabis stocks has been a part of life for years on Canada’s major exchange, but Wednesday’s official kickoff of recreational cannabis sales in the country was still a cause for a celebration.

On the day Canada became only the second country to officially legalize adult recreational marijuana use, a group of pot-company executives gathered to ring the opening bell in the Toronto Stock Exchange building. Representatives from Cronos Group Inc. CRON, -7.55%CRON, -6.56% , Horizon’s cannabis ETF HMMJ, -2.10% and Green Organic Dutchman Holdings Ltd. TGODF, +5.44%TGOD, +4.18% attended the gathering, among others.

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