Canadian cannabis producer Canopy Growth (NYSE: CGC) is set to receive a large tax break for their new Kirkwood, New York facility. An economic development group, The Broome Industrial Development Agency, set a plan into motion on behalf of Canopy Growth. Canopy will receive a standard 15-year payment-in-lieu-of-taxes deal, qualifying for a 39% reduction in property taxes for the first five years of the agreement. When all is said and done, their tax break will equate to $1.7 million.

Cannabis growers in the B.C. are getting some help to transition out of the black market as part of a newly announced program that could see participants qualify for loans of up to $500,000.

B.C.’s Ministry of Social Development and Poverty Reduction has set aside $675,000 to help an estimated 2,500 small growers join the legal cannabis industry. The money will be disbursed through the Community Futures Central Kootenay, a non-profit organization focused on economic development.

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has received orders from Alberta, Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribu

There was a time just a few short months ago that buying into the world of legal cannabis seemed like a sure thing.

But that optimism has gone up in smoke.

A major pot stock sell off continued on markets Monday, partially because consumers are less than enthused about legally available cannabis. 

In theory, the black market should be under tremendous pressure now, by the new regulated and ultimately safe marijuana supply sanctioned by provincial governments in Canada.

Some growers say ‘ghost houses’ are popping up across the country as production gets ahead of the demand for cannabis.

Producers like Boaz Pharmaceuticals say cannabis is growing faster than the number of stores opening so there’s too much supply.

“It was mostly a surprise to everyone that they weren’t able to sell and ship the amount of product so we’re hearing terms of ‘ghost houses’ which are greenhouses that the big LPs (licensed producer) aren’t growing anymore.”

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During the last month, several leading Canadian cannabis companies have reported quarterly financial results and the market has been responding negatively to these numbers (on average). Although these companies have reported strong growth when compared to prior periods, the numbers have come in below expectations and the market has punished these companies for such results.

At this time last year, there arguably wasn't a hotter or more popular investment opportunity than marijuana stocks. It's not hard to understand why, either, if you simply look at the industry's recent growth trends or Wall Street's sales forecasts.

Shares of Canadian pot producer HEXO (HEXO.TO)(HEXO) fell to a two-year low after the company revealed late Friday that it grew cannabis in a space “not adequately licenced” by Health Canada at a Niagara, Ont. facility. Now, analysts are asking why it took months for the company to tell investors after management discovered the lapse.

The public admission by Gatineau, Que.-based HEXO came more than two-and-a-half months after the company said it discovered its “Block B” room inside a building formerly-owned by Newstrike Brands was not fully licenced on July 30. Hexo acquired Newstrike Brands on March 28 for $263 million.