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%.

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Cannabis Stocks On The Rise Following Legal Recreational Cannabis Sales in Colorado

Cannabis stocks saw a big bounce Thursday, following the beginning of legal recreational cannabis sales in Colorado. stocks

One company that saw a large increase was Medbox, a maker of cannabis dispensing machines; as of today, trading for the company was up 57.01% at $28.67. Just last week, the stock traded for roughly $10.

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