Canadian cannabis stocks like Canopy Growth Corp. (TSX:WEED)(NASDAQ:CGC) are surging on the promise of United States legalization.

The price explosion for cannabis stocks was one of the biggest stories of the mid-2010s. Justin Trudeau and the Liberals rose to power in 2015, promising to pursue recreational legalization. They would deliver on that promise, spurring a cannabis gold rush in Canada. Interestingly, the momentum ground to a halt once recreational legalization became official in October 2018. Today, I want to discuss why cannabis stocks have broadly gained steam in late March. Is this the beginning of a new bull market? Let’s jump in.

TOQi Technologies Ltd., has partnered with Cannabis Amnesty, to launch the TOQi Fellowship for Cannabis Amnesty. The inaugural Fellows, who will begin their internships during the summer of 2022, will also be supported by Aurora Cannabis Inc. The TOQi Fellowship is a summer internship program running May through August for individuals who wish to gain experience in advocacy and communications. The two salaried positions will receive mentorship, networking opportunities, and insight into all aspects of the cannabis industry and Cannabis Amnesty's mission to help those harmed by cannabis prohibition. (Benzinga)

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that it has reached a total of 36 product SKUs in its provincial listings across Canada.

The product mix includes 17 Pure Pulls vape SKUs and 19 Pure Chews edible gummie SKUs for sale in licensed dispensaries in British Columbia, Alberta, Saskatchewan, Ontario and New Brunswick as well as on the Abba Medix national medical platform. 

Canadian cannabis firm OrganiGram (OGI) published several company updates plus a list of new products on Mar. 24. Before this morning’s opening bell, OGI stock was trading 5.99% higher.

Growth Trajectory

According to OrganiGram, the company has occupied “the #3 market share position among Canadian licensed producers for the second month in a row.” Furthermore, the firm kept its #1 market share position in dried flower, which represents roughly half of the market in Canada.

CEO Comments: Growth

“The growth and progress we have made in a relatively short time are a testament to the great brands and products we are putting into the market, which clearly continue to resonate with consumers,” CEO Beena Goldenberg remarked.

While federal legalization remains elusive, lawmaker actions have boosted moribund cannabis stocks

Lawmakers taking fresh steps toward federal legalization of cannabis sparked a rally in cannabis stocks on Friday.

Following through on big moves higher in the previous session, beaten-up shares of cannabis stocks started getting off the mat.

Xebra Brands Ltd. ("Xebra") (CSE: XBRA) (OTCQB: XBRAF) (FSE: 9YC), a cannabis company, announces that the Supreme Court of Mexico has issued and recorded the official final written resolution through which Xebra's wholly owned Mexican subsidiary, Desart MX, SA de CV ("Xebra Mexico"), has been granted an injunction, that furthers its outright first-mover-advantage in the Mexican cannabis market.

One of Alliston’s newest businesses held a grand opening on Saturday, March 19, to let the public know they are now open and welcoming customers to their store.

CANNACO Cannabis opened its doors on Victoria Street East back in November and has quickly gained a customer base in town. The store is one of four CANNACO locations around Ontario.

Something that is unique about the store is the fact that it is staffed entirely by women. All CANNACO stores have female employees.

“We’re really making a splash in the Alliston community,” said Chloe Tu, who owns the store along with her mother.

Greenway Greenhouse Cannabis Corporation (CSE: GWAY) ("Greenway Greenhouse" or the "Company"), a federally licensed cultivator for the Canadian cannabis marketplace, is pleased to announce their inclusion in the CSE 25 Index™ ("CSE25"), a subset of the Canadian Securities Exchange (CSE) Composite Index containing the securities of the twenty-five largest index companies by market capitalization.