With full adult-use legalization looming, the recreational marijuana industry is gathering its resources to provide several options for tomorrow’s consumers. While smoking the plant matter will be the primary market at first, once restrictions are lifted, the future of the sector points heavily towards non-inhaled products—namely in drinks.

IndustryARC recently performed a market research study to gauge the growth and future balance to predict the impact of blockchain technology. In their findings, they discovered that the current pattern suggests a growth of 48.37% in the next five years, resulting in a value of $424,240,000 in supply chain.

Sproutly, an upcoming CSE public company, will seek to raise capital in order to develop partnerships with beverage producers and sell an efficient cannabis drink.

The opportunities presented for the cannabis market following legalization will only increase a year after the event, thanks to the legitimization of novel products such as vaporizers and edibles.

Cannabis infused beverages will also attempt to catch the eye of new consumers seeking alternatives to the most associated consumption methods with the drug. A company working to develop its own beverage told the Investing News Network (INN) about its public market intentions at the Lift & Co Cannabis Expo in Toronto held May 25-27.

James E. Wagner Cultivation, a Canadian licensed cannabis producer based in Ontario with plans to go public in the very near future.

Valens GroWorks Corp. (CSE:VGW) (VGW.CN) (CNSX:VGW), a multi-licensed company, based in the Okanagan Valley of British Columbia, that recognizes the trend in the Canadian cannabis industry toward oils and derivatives and is uniquely positioned to capitalize on it.

Canaccord Genuity, a mid-sized Canadian investment bank that's been around since 1950, is quietly dominating the emerging marijuana sector.

Since 2016, Canaccord has outpaced the competition in both advising and underwriting cannabis companies, acting as the sole or joint bookrunner on more than $1.5 billion of financings and advising on more than 50 transactions, according to the firm.

The last week has been quite busy for the cannabis sector as companies have announced earnings, acquisitions, and partnerships. This is an exciting time to be a cannabis investor and today, we have highlighted 7 important company announcements that investors need to be aware of.

7 Developments to be Aware of

MPX Bioceutical Corporation (CSE.MPX) (OTC.MPXEF) secured a $40 million convertible loan on Tuesday to fund future expansion. The convertible loan will also be invested in acquisitions and new production licenses in both the United States and Canada.

India Globalisation Capital has been trialling a therapy that can restore memory in mice, promising potential for the treatment of Alzheimer’s.

In a matter of weeks, Canada will most likely legalize marijuana for recreational use. Expectations for a pot boom sent stocks soaring in 2017, and while enthusiasm ebbed early this year the index for cannabis stocks is up 71 percent from November last year.

Production of marijuana is expected to surge this year and companies are looking abroad for more investment.

“Cannabusiness” is one of the hottest market trends this year, but finding the right company can be challenging.

The industry is full of risky plays: growers who lack a market outlet, or distributors without access to sufficient product.