After Canada legalized the drug, the marijuana stocks are overflowing. The Canadian Marijuana Index which is an aggregate measurement of all the publicly listed marijuana stocks had increased by 3.34%. The overall North American index which included the US stocks was also enhanced by 2.28%.

A Canadian Securities Exchange-listed cannabis company known as Golden Leaf Holdings received the best profits with the stocks increasing by 6.81%. The legalization of Cannabis has acted as a boon for the Canadian economy. CIBC, one of the largest banks in the country has predicted that the legal marijuana market of the country will be $6.5 billion by 2020.

A large number of Canadian marijuana companies like Canopy Growth Crop and Aurora Cannabis are witnessing a wave of excitement around the legalization of marijuana. The marijuana companies are using the opportunity to capitalize on the liquidity in order to go ahead with the acquisition sprees.

Canada is the first G7 country in the world to legalize Marijuana. The increase of the Marijuana stocks in Canada made it the second country in the world to legalize the drug. The increase in the stock of the drug has enhanced after the legalization.