Canadian Marijuana Stocks Soar After Reports That Justin Trudeau Plans to Legalize Weed


April 3, 2017 Facebook Twitter LinkedIn Google+ News


Canadian marijuana stocks were on a high Monday, amid reports that the government planned to legalize the drug for recreational use by July 1, 2018.

Shares of Canopy Growth Corp. were up 11% in trading, Aurora Cannabis rose 10%, Aphria rose 7.9%, SupremePharma jumped 6%, OrganiGram holdings also rose 10%, while Emblem Corp rose 6%.

According to the CBC, Prime Minister Justin Trudeau’s government is expected to announce the legislation in the week of April 10.

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