Aurora Cannabis Inc (TSE:ACB) (OTCMKTS:ACBFF), Canopy Growth Corp (TSE:WEED) (OTCMKTS:TWMJF), and Cronos Group Inc. (NASDAQ:CRON) (CVE:CRON) are leading the S&P/TSX Composite index (INDEXTSI:OSPTX) into higher territory mid-day on Monday, March 5, 2018, as investors pile back into Cannabis stocks after a few weeks of relative weakness. The reason? Renewed anticipation of new highs (pun intended) for the sector, now that two of Canada’s biggest are heading to NASDAQ. Cronos started trading a week ago on Nasdaq, and CEO of Canopy Growth Corp has indicated he will consider a listing there soon.

Cronos shares surged higher 10 percent higher Monday on big volume Monday of 2.7 million shares on its Canadian listing, but 3.5 million shares (at midday) on its NASDAQ listing, suggesting that companies trading in the US may see the bulk of their volume eventually materialize from US investors. Certainly Cronos Group’s experience suggests that this could be the case.

CEO Mike Gorenstein has always maintained during multiple interviews with Midas Letter that the bulk of his capital and his support base was in the U.S., and that they were, from many respects, a U.S. company operating in Canada’s ACMPR environment. “The plan was always to come to Canada to build, to go rest of world,” he told us back in January, “and when the US finally does become federally legal, we would move back down. So this is really just, I think, a validation for our model. I think it actually strengthens us.”

Canopy’s shares are also rocketing higher on the apparent success of Cronos on NASDAQ. Canopy Growth has expressed an intention to explore a listing on NASDAQ which would obviously potentially make the company the most valuable marijuana producer trading on a US exchange.

According to CEO Bruce Linton, ”

Like, we looked at putting ourselves onto NASDAQ and did all the preparatory work in October, but we were also a little busy, there’s this company that makes quite a lot of beer and wine, and so we said, like, we’re going to have 12 variables, but 15 may be too many, so let’s just park it for now.

But I think NASDAQ’s done a good job of filtering who’s following the rules, and I don’t believe NASDAQ has a marijuana policy. I think what NASDAQ has is, if you’re a company that follows rules in the jurisdictions that you operate, you can list there, and that means that they haven’t made exemptions or special considerations for marijuana.”

And what about Aurora?

We reached out to Chief Corporate Officer Cam Battley but hadn’t received a response by press time.