Cannabis stocks have been on the rise this year ranking among the best portfolios so far. This comes as Canada legalized the use of recreational marijuanawhile more states within the U.S are following the same path. Grow Tech Labs, a subsidiary of the Victory Square Technologies that was formed to accelerate the innovations within the Cannabis industry, recently collaborated with Launch Academy enhance efficiency.

Cannabis is expected to be a multi-billion industry in Canada once recreational legalization occurs later this month. As with any sector, but especially one that is highly regulated such as marijuana, good governance will be the key to any company’s success and is a factor that should be taken seriously by all cannabis investors.  As Licensed Producers are set to compete with one another based on product and price, companies providing cannabis industry infrastructure, as well as tools to improve governance, could become the big winners in this space. Governments will be reliant on technology to effectively regulate this sector, one that has serious health implications for its citizens.

Victory Square Technologies Inc. recently announced that its newly established cannabis accelerator Grow Tech Labs is joining with Launch Academy to develop cannabis innovation, entrepreneurship, and investment.

 Vitalis Extraction Technology, one of the largest supercritical CO2 extraction equipment manufacturers serving the international cannabis industry, recently claimed the title as Canada’s first and only American Society of Mechanical Engineers (ASME) BPV certified extraction original equipment manufacturer (OEM) in the cannabis industry.

Retail cannabis point of sale software company and part of the iQmetrix group, Cova Software today announced plans to help retailers in Canada improve protection of retail data and Canadian consumer information by migrating all Canadian cannabis retail data to Azure Canada-Central located in Toronto. The move is set to begin on Sept. 27.

Currently, Cova hosts its data in the United States, which is in compliance with PIPEDA and relevant provincial legislation. However, ahead of legalization on Oct. 17, Cova is creating a footprint in Canada to host all customer Personally Identifiable Information (PII). After the move, all Canadian customer data will remain in Canada.

A Toronto-based marijuana community platform has launched a rewards program for pot users that offers points in exchange for product reviews.

Starting on Oct. 17 when the sale of recreational marijuana is legalized in Canada, Lift & Co. Corp. will reward cannabis users who share their experiences on the platform in the form of product reviews.

The points can then be redeemed for discounts on cannabis products or gift cards from retailers that include Starbucks Corp., Amazon Inc., Apple Inc.’s iTunes and Indigo Books & Music Inc.

With less than a month for the legalization of recreational cannabis in Canada to take effect, investors continue to closely watch the pot stocks in the country. Namaste Technologies, (CVE:N), a leading online cannabis retailer, is one of the many cannabis stocks that have witnessed a surge in its stock price over the last one year in the anticipation of the revolutionary move. The company, which currently sells only vaporizers and other accessories for consumption of medical cannabis, plans to enter the recreational cannabis space through its partnerships with various Licensed Producers (LPs) in Canada and abroad. However, some of the key provinces in Canada have recently chosen Shopify as their partner to facilitate online and in-store sales of recreational cannabis.

As Canada prepares to legalize recreational marijuana next month, the impact this will have on online drug marketplaces has remained unclear.

Namaste Technologies (CVE:N) is a global technology leader in the cannabis space, selling vaporizers and other accessories for consumption of medical cannabis through its 30 e-commerce websites across 20 countries. Despite the buzz around the legalization of recreational marijuana in Canada, the company continued to focus on the medical side of cannabis until very recently. However, now that there is clarity regarding the rules and regulations that will govern the recreational cannabis market, the online retailer has taken a proactive approach to capitalize on this vast opportunity. In this note, we discuss how Namaste plans to tap into the upcoming recreational cannabis market in Canada.

Namaste Technologies (CVE:N) is a global technology leader in the cannabis space, selling vaporizers and other accessories for consumption of medical cannabis through its 30 e-commerce websites across 20 countries. Despite the buzz around the legalization of recreational marijuana in Canada, the company continued to focus on the medical side of cannabis until very recently. However, now that there is clarity regarding the rules and regulations that will govern the recreational cannabis market, the online retailer has taken a proactive approach to capitalize on this vast opportunity. In this note, we discuss how Namaste plans to tap into the upcoming recreational cannabis market in Canada.