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Aurora Cannabis, one of the largest marijuana growers in Canada, is listed on the New York Stock Exchange.
The company's shares are expected to begin trading under the symbol ACB by the end of October.
The Edmonton-based grower or licensed producer is currently listed on the Toronto Stock Exchange under the ticker symbol ACB. The company cultivates cannabis for the adult market and drugs.
Aurora's market capitalization has increased by more than 150% since mid-August. On August 15, beverage giant Constellation Brands announced a $ 4 billion increase in its stake in Canopy Growth, its rival.
Starting Wednesday, marijuana is legal in Canada. The US federal government still considers that it is an illegal drug from Schedule I.
Aurora is also hiring wildly with the opening of the legal marijuana market in Canada. The company offers 11 pages of job postings on its website. These positions are located across Canada and range from senior management positions to laboratory research and industrial cleaning positions.
Read more: Some of the fastest-growing companies in the booming cannabis sector are hiring more and more penitentiaries as the legal marijuana market in Canada opens
While US-based exchanges were initially reluctant to list marijuana growers, companies like Tilray (which launched a NASDAQ initial public offering in July), as well as Canopy Growth, now feature on US stock exchanges.
To be listed on a US stock exchange such as the NYSE, cannabis producers must prove that they do not violate any federal law by importing cannabis into the United States, except in special circumstances.
The Drug Enforcement Administration has authorized Tilray to import a marijuana product from Canada to determine whether THC and CBD – the active ingredients in the cannabis plant – are effective in treating tremors.
Despite recent fervor around marijuana stocks, stocks in the sector were under pressure on Wednesday.
Learn more about Business Insider's coverage of the cannabis industry:
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