Shares of The Green Organic Dutchman (TSX:TGOD) are trading at $0.99 and reached a  record low of $0.97 yesterday. The stock has lost 83% in market value since March 2019. TGOD stock has declined 72% in the last three months.

TGOD has been impacted by overall weakness in the cannabis sector. Shares of cannabis giants such as Aurora Cannabis, Hexo, Aphria, and Canopy Growth are trading 65%, 75%, 61%, and 62%, respectively, from their 52-week highs.

We have seen cannabis stocks have been driven lower due to the overestimation of product demand as well as competition concerns from the illegal market in Canada.

Just a year ago, many would have pointed to Canopy Growth (NYSE:CGC) -- the largest cannabis company in the world by market cap -- as the crown jewel of the promising marijuana industry. What a difference a few months make: Canopy has been absolutely pummeled on the stock market over the past six months -- as have many of the other top pot companies -- and its shares have lost more than 60% of their value since April.

An Ontario cannabis company’s plan to put down roots in London – and bring more than 200 promised jobs – has gone up in smoke.

Beleave Kannabis Inc., a licensed pot producer with an operation in Hamilton, bought the former Heritage Garden Gallery greenhouse at 6867 Wellington Rd. S. last September, paying $6.7 million at the time.

The company planned to grow cannabis inside the 23,000-square-metre greenhouse and on an outdoor plot located on the 34-hectare property.

The Oakville-headquartered grower pledged to invest $30 million in the facility, employ an estimated 240 workers and be operational by September 2019, then-chief executive Bill Panagiotakopoulos told the Free Press at the time.

The analyst behind a bullish call on the battered Canadian cannabis space is predicting near-term weakness, adding to pessimism hanging over the sector as the heavyweights get ready to report quarterly numbers this week.

Canada’s four largest pot companies by market value will report results for the quarter ended Sept. 30 this week. Cronos Group (CRON.TO)(CRON) will report before the opening bell on Tuesday, and Tilray after the markets close. Thursday will be bookended by Canopy Growth results in the morning and Aurora Cannabis results in the evening. 

According to a newly released report from the Prohibition Partners, the legal weed industry could be generating as much as $103.9 billion in annual sales by 2024. That would represent a compound annual growth rate of nearly 46% between 2018 and 2024, making cannabis one of the fastest growing industries on the planet.

A Vancouver-bound Air Canada flight forced to land at the Seattle-Tacoma International Airport due to mechanical issues has sparked a discussion about what domestic air passengers should know if they happen to land on U.S. soil without advance warning.

What was supposed to be a five-hour domestic flight from Toronto to Vancouver last Sunday turned into a 13-hour international ordeal for passengers.

But once the plane landed in Seattle, one passenger wondered aloud about the consequences for anyone carrying cannabis products.

This is the first year Tom has not felt the need to booby-trap his backyard.

An inveterate pot grower, the North York man says new laws allowing Canadians to raise up to four of the plants per household set his mind at ease for the first time in more than half a century of cannabis cultivation.

“For all the years gone by I used to MacGyver the place,” says Tom, who did not want his last name used. “I would put fishing lines along the ground with tin cans so it would make noise if anybody went back there at nighttime. This year I didn’t worry about any of that, I just let it grow.”

The federal government's effort to rein in the cost of reimbursing veterans for their medical marijuana appears to have failed as new figures show Ottawa shelled out a record $75 million in the last fiscal year.

And that is only the beginning: the Veterans Affairs Canada figures show the government is on track to spend nearly $100 million this year as more and more former service members ask the government to pay for their cannabis.

The growing use of medical marijuana by veterans — and the growing cost to taxpayers — comes despite an overhaul of the way the government reimburses ex-military personnel for pot in November 2016.