Marijuana stocks have had a particularly strong start to 2019, with the first-ever cannabis exchange-traded fund, the Horizons Marijuana Life Sciences ETF, nearly tripling up the return of the S&P 500 since Jan. 1. The legalization of recreational marijuana in Canada last year, coupled with ongoing legalizations throughout the U.S. and the world, have both Wall Street and investors seeing green.

Cannabis stocks perked up on Wednesday, after a tumultuous few weeks. 

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 0.5% to 300.79. The Horizons Marijuana Life Sciences Index ETF was up 0.8% at C$20.99 by Wednesday's close. 

Buds

CROP Infrastructure Corp (CSE:CROP) (OTC:CRXPF) shares jumped on Wednesday. 

Shares were up 1.7% at C$0.31 in Canadian trading Wednesday midday. 

The company announced Tuesday that it has completed the construction of its 57,600 square foot nursery in Nye County, Nevada and it is ready to support the company’s CBD farm operations.

Bank of America analyst, Christopher Carey, has begun coverage of the cannabis industry with a note Wednesday naming Hexo Corp. (HEXO) as the firm’s top pick in the space. B of A is the latest firm legitimizing the once illegitimate cash crop. Looking for new companies in the space, we came across one that has had quite a bit of price action recently making it a potential profit center for savvy investors.

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TGOD.TO) (TGODF) is pleased to announce it has received its oil sales licence from Health Canada pursuant to the Cannabis Act for its Hamilton, Ontario facility.

Cannabis stocks started the week with a bang, after a busy 4/20 weekend.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 2.5% to 301.34 by Monday's close. The Horizons Marijuana Life Sciences Index ETF was up 3.7% at C$20.92.

Buds

FSD Pharma Inc (CSE:HUGE) (OTCMKTS:FSDDF) announced Monday that it had hit a key milestone after its subsidary FV Pharma received its sales license to supply and sell cannabis products. The license, granted by Health Canada, went into effect on April 18, 2019.

TGOD receives Health Canada licence to sell cannabis oils

Recreational marijuana is legal in ten states and more than forty states have legalized medical marijuana. A new industry is burgeoning and technology is here to support it in every way possible. The days of buying weed from a shady person on a deserted neighborhood corner are gone. Thanks to these cannabis tech startups, now you can get weed delivered at your doorstep. The Industry Leaders magazine takes a look at the top cannabis startups who are at the forefront of this growing industry. From helping you grow weed at home to giving medial advise, these ten cannabis tech companies are the best in their niche-market.

The secret is out: Cannabis is a big-dollar industry. Now that the legal pot industry has grown at a rapid pace for much of the decade, Wall Street investment firms are projecting massive annual sales figures for the end of the next decade. Cowen Group, arguably the industry's biggest cheerleader, believes yearly sales could hit $75 billion worldwide by 2030, with Jefferies calling for a more modest $50 billion by 2029. For added context, around $12.2 billion was sold worldwide in 2018.

It’s not a bad idea to have an exit plan when your favourite stock has gone through a powerful rally. This becomes even more important when many analysts are calling a turbulent end to more than a decade-old bull run in the U.S. equity markets.

Investors in the Canadian e-commerce platform provider Shopify Inc. (TSX:SHOP)(NYSE:SHOP) are probably facing a similar situation where they have to decide whether to remain loyal to this e-commerce platform provider or book profits after an eye-popping rally of the past five years.

Canadian retailer Compass Lifestyle Clinic has opened up a dispensary in Sydney in a bid to capitalize on the underserved Australian patient demand for medicinal marijuana.

Compass was only founded last year, but it has already opened two clinics in British Columbia and six in Alberta. Another six Alberta clinics are coming soon, which will significantly boost its presence in Calgary and Edmonton.