Canadian marijuana stocks ride high off legalization reports

Flowering marijuana plants are pictured during a tour of Tweed in Smiths Falls, Ontario on Thursday, Jan. 21, 2016. (Sean Kilpatrick / THE CANADIAN PRESS)

TORONTO - Canadian marijuana stocks got a boost Monday following reports that the federal government will introduce a bill next month that aims to legalize pot by July 1, 2018.

Shares of Canopy Growth Corp. (TSX:WEED) were up 10.12 per cent, or $1.00, to $10.88 per share in late morning trading on the Toronto Stock Exchange.

Aphria (TSX:APH) was up 5.81 per cent, or 36 cents, to $6.56 per share.

Aurora Cannabis (TSXV:ACB) was up 10.09 per cent, or 23 cents, to $2.51.