Pot stocks get high

SHARES in medical marijuana company Cann Group have more than doubled on their stock market debut, adding further fuel to the ‘pot stock’ boom.

Cann Group, which operates one grow facility in Melbourne and is in the process of opening another, sold shares in its float for 30¢.

It closed its first day of trade on the yesterday at 64.5¢, giving it a market capitalisation of close to $70 million.