Canada’s Prime Minister Justin Trudeau has promised to legalize marijuana and his Liberal government recently introduced Bill C-45, the Cannabis Act, to Parliament.

The historic move places Canada at the forefront of global cannabis law reform, but critics across the country are speaking out about the potential dangers of the governments new plan.

I spoke with Kirk Tousaw – one of Canada’s most successful pot lawyers – about the good, bad and ugly of the new bill and how Canada’s cannabis community can continue to make their voices heard.

The METRC cannabis tracking system in Colorado is suffering some “leakage” from the supposedly stringent seed-to-sale system designed to prevent diversion from their regulated adult use cannabis market. Although regulators have determined there have been numerous violations, its impossible to tell just how much marijuana is escaping the system and making it to the black market where it is untaxed and unregulated. They have, in the meantime, issued over $680,000 in fines on licensees that have been deemed in violation of the laws.

The loopholes appear to be in the gray areas where there are allowable losses under the rules. Retail outlets have been fined for selling cannabis outside the taxed and regulated system after reporting cannabis as damaged or contaminated.

Placentia Bay Holdings Inc has just purchased the old US Navy mess hall in Argentina to pursue opportunities in the medical marijuana production industry.

The old AMA building was built in 1956, and Port of Argentina Board Chair Vivian Smith says they’re pleased the building has been sold.

Placentia Bay Holdings’ next steps are to apply for the various government permits and approvals needed to proceed.

Company representative Ed Maher says he plans to remediate and refurbish the building for use as a modern hydroponics operation.

Johan and Mirishin are a couple who have been distributing medical marijuana for the last three years. Step into their consultation room and see just how this herb may change South Africa’s medical scene.

Looking at the performance of Canada’s marijuana companies over the past year, investors have had a lot to keep them excited. To begin with, share prices increased substantially, the industry was recognized as the next “it” growth industry, and the Canadian government has taken steps to legalize the product.

Even as the Texas Legislature debates a robust medical marijuana bill, the state's first foray into using weed as a health care treatment is moving closer to liftoff with three companies leading the way — one of which has already disclosed plans for a North Austin grow site and processing facility.

It has now been almost four weeks since the highly-touted Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ) has been added to the TSX, and investors have had ample time to sit back, relax, and wait for the long-awaited returns to "roll" in.

Thing is, the fund's returns are basically flat (technically up just over 1%, but who's counting). In fact, the fund is trading closer to its low than its high, due to a selloff following an enthusiastic run in the days following the opening of the ETF.

The Canadian cannabis industry continues to be one of the hottest places to invest as the country prepares to become the first G-7 nation to legalize recreational cannabis.

The government’s stance on cannabis is one of the primary reasons behind our bullish view on this sub-sector of the cannabis industry. This political environment has led to an increase in the amount of money focused on the industry, the number of companies trying to capitalize on it, and the number of company developments.

This has been a busy week for Canadian cannabis stocks and we want to highlight seven important company developments.

Canopy Make Another Acquisition

Former President of Mexico and Coca-Cola Latin America Head joins Award-Winning Cannabis Industry Trade Show

OAKLAND, CA - The National Cannabis Industry Association (NCIA) announces that former President of Mexico Vicente Fox will be the keynote speaker for its flagship event, Cannabis Business Summit & Expo.

Fox served as President of Mexico from 2000 to 2006, and since his presidency has become a notable proponent for a legal, regulated cannabis industry, actively supporting cannabis legalization in Mexico and the United States. Prior to his presidency, Fox was also a highly successful business leader at Coca-Cola, rising from a position as a route supervisor to ultimately become president of Coca-Cola Latin America.

Expected Canada marijuana supply issues could be a ‘buzz kill’ for the stock prices of companies such as Canopy Growth Corporation (TSE:WEED) and Aphria Inc. (TSE:APH)