Canada Marijuana Stocks Jump 12% in One Day, Now at All-Time High

After a large single-day jump, the Canadian Marijuana Stock Index is now the highest it’s ever been.

Recently we reported that the Canada Marijuana Index rose over 20% in less than three weeks; from 261.74 on March 21, to 319.90 last Friday. At the close of today’s market, the index had one of its largest single-day jumps ever, going from 319.90 to 359.19, a 12.3% increase.

355.97 marks the highest the Canada Marijuana Index has ever been (The Marijuana Index began tracking the market in January of 2015). The previous high was 348.35, which came on November 18 of last year.

Read moreCanada Marijuana Stocks Jump 12% in One Day, Now at All-Time High

Canadian Marijuana Stocks Rise Over 20% in Less than 3 Weeks

Canadian marijuana stocks are on the rise.

Canadian Marijuana StocksFollowing anger with the government’s lack of speed in implementing marijuana legalization, the Canada Marijuana Index hit a three-month low on March 21 at 261.74, slightly higher than the previous low of 258.47 on December 21. However, since March 21, the market has seen a steady increase, including an almost 10% increase on March 27 to¬†295.41 following the announcement that marijuana will likely be legal throughout the country by July 1 of next year.

11 days later, and the market has continued to climb. The market jumped from 287.73 on April 4, to 319.90 at the close of yesterday’s (April 7) market. The total increase from March 21 to yesterday is 22%.

Read moreCanadian Marijuana Stocks Rise Over 20% in Less than 3 Weeks

Canada Marijuana Stocks Rise Almost 10% Following Report Marijuana Will be Legal by July 1, 2018

Canada marijuana stocks had a significant increase following a report that cannabis will be legal by July of next year.

Canada Marijuana StocksThe Canada Marijuana Index was at 270.68 on March 25th, the day before the report that the country’s legal marijuana industry is expected to get underway next year. At the closing of today’s market, a day after the announcement, the index grew 9.14% to 295.41.

Although 295.41 is as high as the index has been in three weeks, it’s still well below the 3-month high of 344.57, which came on February 21st. The 3-month low came last week on March 21st, when the index dropped to 261.74.

Read moreCanada Marijuana Stocks Rise Almost 10% Following Report Marijuana Will be Legal by July 1, 2018