Marijuana stocks have explosive potential. The global cannabis industry could generate annual sales as high as $200 billion within the next decade, according to investment bank Stifel. This would represent growth of more than 1,500% from the approximately $12 billion in sales the industry produced in 2018. 

The following three cannabis companies are particularly well-positioned to profit from the cannabis boom -- and investors who buy their stocks today should be well rewarded in the years ahead.

Some farmers growing hemp on P.E.I. want to be able to grow varieties that have higher levels of CBD.

They've been lobbying federal government agencies and politicians.

"We've sent letters to all the MPs, particularly in Prince Edward Island, we've sent letters to the prime minister," said Phillip Jennings, of Lorne Valley Ranch in eastern P.E.I. 

"We've even had people in government that have gone to Ottawa and say, put these Canadian farmers on a level playing field with the American farmers and allow them to grow some of these high CBD clones."​

Jennings and five other P.E.I. farmers are growing 300 acres of hemp under contract to Dosecann, an extraction facility in Charlottetown.

Jennings also grows 750 acres of hemp in the United States. 

At midnight on Oct. 17, 2018—the second it became legal to sell cannabis—Christopher Duffitt was ready. His store, Puff Puff Pass Head Shop, opened its doors to a lineup of customers in Clarenville, Nfld., a town of 6,300 people northwest of St. John’s. But it quickly became clear that the business wouldn’t be open for long.

A petition to lower the quantity of single-use packaging on Quebec cannabis products has garnered more than 1,500 signatures—and counting.

The petition calls on the Société québécoise du cannabis (SQDC), the province’s only legal cannabis retailer, to halt the use of all single-use plastic components, which are currently ubiquitous in Quebec retail.

The current state of the legal marijuana industry is messy, if not chaotic. If you’re one of the many hoping to make thousands of bucks on weed stocks, be careful which ones you pick. Some are not worth your money, so you’d better avoid them at all costs.

Cannabis is a mighty plant that can clean the soil in which it grows, but growing it indoors, while efficient, is unnatural.

As the legalization of edible cannabis approaches in Canada, the industry has yet to solve one of its greatest challenges: packaging.

Since October 17, cannabis companies have been plagued with problems associated with packaging.

Apart from the fact that cannabis packages are really boring (thanks, Health Canada), they are also an environmental disaster.

The marijuana stock market has shifted very rapidly over the course of the past few years. With so many pot stocks to watch and pot stocks to choose from, it seems as though the choice can be quite difficult. This choice, however, is just the reason you’re here. One of the key things to note about pot stocks is that they come from all around the industry. Companies in the cannabis stock market can be ancillary businesses such as marketing and packaging companies.

For years, marijuana has been viewed as one of the fastest growing industries on the planet. And if Wall Street's projections for 2029-2030 prove accurate, it's likely to remain that way for the foreseeable future.

The Alberta government's cannabis wholesaler and online retailer is returning all products from CannTrust Holdings Inc. after Health Canada suspended the company's licences to produce and sell pot.

A spokeswoman for the Alberta Gaming, Liquor & Cannabis Commission says it intends to return its remaining supply of on-hold CannTrust products to the Vaughan, Ont.-based company, but would not confirm the amount, citing contract confidentiality.

In July, the AGLC placed a hold on its inventory of CannTrust products as a precautionary measure as the federal regulator conducted its investigation into allegations of unlicensed growing at the cannabis company's Pelham, Ont. greenhouse.