The Niagara Herbalist is the first licenced cannabis retailer in Ontario, and after careful consideration they have chosen Greenline POS as their compliant inventory management solution.

“We chose Greenline POS because their team had the most working knowledge about real life cannabis retail operations out of all the POS systems we looked at.”

– Kevin (co-owner of The Niagara Herbalist)

For new cannabis retailers, opening up shop can be an exciting but stressful time. Greenline POS is dedicated to helping stores every step along the way, from initial inspections all the way to the grand opening and beyond.

Cannabis legalization is making things more complex for auto insurers and increasing risk for some commercial property clients, A.M. Best Company Inc. suggests in a recent report.

About 25 insurers, most of whom are non-admitted, provide coverage for cannabis risks in Canada and the United States, A.M. Best reported in Cannabis: New Opportunities for Insurers, But with Burgeoning Risks, released March 12.

In 2018, the Criminal Code of Canada was changed to allow possession of marijuana for recreational use. At the same time, Bill C-46 created new criminal offences for driving while impaired by tetrahydrocannabinol (THC), the active ingredient in marijuana.

Though it may be hard to believe now, the marijuana industry was considered taboo just a short time ago. As recently as 2005, only a third of respondents in Gallup's cannabis survey favored legalizing pot, and just a handful of U.S. states had legalized the use of medical marijuana. Further, no country in the world had even thought about legalizing adult-use pot.

A man who helped develop Canada’s cannabis policies 20 years ago is coming to the Kootenays next week to talk about how to save small pot producers from extinction.

David Hurford is visiting Nakusp and Nelson to talk about setting up a co-op that could help make more small cannabis operations legal.

“I don’t think we can understate the crisis a lot of people are going through,” says Hurford. “There are people in dire straights out there. People being forced to make very difficult choices, and the government has not created a pathway for them to become legal.”

In January, I named Hexo (TSX:HEXO) my favourite pot stock for 2019. My conclusion was that shares potentially had 300% upside. Since that call, Hexo stock has popped by around 25%. Compared to my previous predictions, that leaves plenty of upside left for investors. “The road will continue to be bumpy,” I wrote a few months ago, “but there are plenty of exciting reasons for Hexo to be my top pot stock for the year ahead.” Is Hexo still your best bet among an increasingly crowded cannabis industry?

Catch up on this news

Several notable events have happened since my last article.

The cannabis industry is currently flying high. Last year, Canada legalized the recreational use of marijuana, and the U.S. legalized hemp, a cousin of marijuana but with negligible amounts of the main psychoactive chemical contained in marijuana. It is now rumored that Mexico will be the next country to legalize marijuana, and no doubt more will follow.

Few companies have benefited from these milestones more than Canopy Growth Corp (TSX:WEED)(NYSE:CGC). Production capacity and sales have skyrocketed over the past few years for the Ontario-based cannabis firm. Canopy’s stock price hit its 52 weeks high — and, for that matter, its all-time high — in October of last year.

With 25 retail locations opening throughout Ontario on April 1, 2019, several cannabis retailers are set to see tremendous growth in the near future.

While the competition in Ontario remains tough, Alberta has no laws setting a limit to the number of retail stores.

Moreover, the cannabis retail industry is evolving as consumers prefer purchasing products instore rather than online.

The four Canadian cannabis stocks we’ve chosen today are some companies that have an early retail advantage.

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You could rightly say that the marijuana industry is growing like a weed. With the industry having generated less than $10 billion in global sales in 2017, the team of Arcview Market Research and BDS Analytics now expects global sales to more than triple to $31.3 billion by 2022. Certain investment banks on Wall Street are looking for even more aggressive long-term growth, with global sales expected to hit $75 billion by 2030, according to Cowen Group.

Quebec cannabis giant HEXO Corp. is acquiring Newstrike Brands Ltd. — the Oakville-based mid-sized cannabis company backed by The Tragically Hip — in an all-stock deal worth $260 million, both companies announced early Wednesday morning.

The deal is the biggest yet to take place between two sizeable Canadian cannabis companies post-legalization in a crowded industry where the top two players — Aurora Cannabis Inc. and Canopy Growth Corp. — control just under 50 per cent of domestic recreational cannabis sales.

Newstrike shareholders will receive 0.06332 of a HEXO common share in exchange for each Newstrike common share held, according to a press release put out by both companies.