The Canadian cannabis industry continues to be one of the hottest places to invest as the country prepares to become the first G-7 nation to legalize recreational cannabis.

The government’s stance on cannabis is one of the primary reasons behind our bullish view on this sub-sector of the cannabis industry. This political environment has led to an increase in the amount of money focused on the industry, the number of companies trying to capitalize on it, and the number of company developments.

This has been a busy week for Canadian cannabis stocks and we want to highlight seven important company developments.

Canopy Make Another Acquisition

Algae.Tec Limited (ASX:AEB

The global medicinal cannabis market is rapidly growing.

Lifespot Health (ASX:LSH) and Seng Vital Germany will form a 50:50 joint venture in Australia to integrate the Seng Vital Cannamed vaporizer into Lifespot’s BodyTel platform.

The Cannamed vaporizer is used for the controlled delivery of cannabis to users.

Lifespot will use its BodyTel medical diagnostic and monitoring technology to assist in the administration and monitoring of cannabis use.

Most business owners in the cannabis industry are missing out on a huge opportunity to scale growth, decrease advertising costs, and reach more customers. What’s that opportunity, you ask? Social media.

It’s time that we get real, many cannabis dispensaries are failing in their social media endeavors. But the good news is — you don’t have to.

Most high-level security systems involve multiple levels of clearance. Cannabis edibles should be no different, believes Garyn Angel.

In a cannabis market awash with thousands of strains and a flood of information on dosing and consumption – some credible, and some, not so much – how can patients make sure they get the most out of their medicine?

Individuals and medical professionals looking for cannabis online rarely know exactly how much inventory a dispensary might have at that point of time. Fortunately, one startup has changed that forever.

Today, startup Jane Technologies launched the cannabis industry’s first end-to-end online marketplace, where customers can find and order preferred products available in real-time at local dispensaries.

If investors look around, they'll struggle to find an industry growing faster than legal marijuana.

Data from cannabis research firm ArcView shows that legal pot sales, including medical and recreational marijuana, grew by 34% in North America last year to $6.9 billion. That might sound like a lot, but ArcView also points out that $46.4 billion were conducted in black-market cannabis sales. There's still plenty of opportunity to attract these under-the-table consumers in the years to come, and this shouldn't be too tough with more and more U.S. states legalizing marijuana, and Canada possibly on the precipice of legalizing the drug nationally.

Colorado State Patrol is in the process of adding to its arsenal the tools available to troopers that would confirm the presence of drugs in a driver’s system.

Officers rely on behavioral cues – probable cause – to pull over a driver: speeding up, slowing down, drifting into another lane.  From there, a roadside sobriety test “peels back” the next layer of impairment, much like a drunk driving test.  It’s those visual cues that law enforcement use to prosecute a person’s impairment.

 “You have four legalized states, you’re gonna have four more legalized states in just a few months, and you even have the country of Canada going to legalization,” said CDOT Highway Safety Manager, Glenn Davis.  “We realized that we're probably gonna have a whole lot more customers."