what's happening aloft
Should your boom really be at the bottom of the track? Does it make any difference if you push the boom further up the track? (Even so, if the lower part of your luff is loose, that isn't your primary problem.)
Sounds to me like the problem's in one of two locations: at the lower end of your sail, or at the top, near where it stops.
First, I'd check everything at the lower end that could be stopping the sail from hoisting further. These would include, as Maine Sail noted, the sheet, vang and outhaul (release all these) and, as Ed Schenk noted, the cunningham (release this too). In my case, there's a single line reefing system I leave in place: I need to put a LOT of slack in that to hoist my main fully. Plus release whatever downhaul system there might be to hold the boom down.
If there's nothing at the lower end causing the problem, I think your problem's aloft, at the "jamming point". It's caused either by the halyard or by the slide/groove/track.
Particularly if you have a wire halyard at the top: sight up the mast to see if it's sticking on something up there. (This happened to a neighbor's boat just last week.) You might see better if you try swinging the halyard around to see if it's running clear. And, if the line's not running free, you may be able to tease it free with a telescopic boat hook.
Take a look at the top slide (or the upper end of the bolt rope) to see if there's signs of excessive wear. That could give you a clue regarding the track.