There are plenty of legitimate operators who actually want to help the industry get over these growing pains, create good and safe products, and beat down the illicit market.

It’s been pretty clear over the last year that not everyone has been in the cannabis business to build a thriving new cash crop industry. The stories of startups making claims about growth and sales, enticing investors, then bailing with millions in ill-gotten gains, have become part of the early history of this industry. Business fraud seems almost endemic right now.

CBD products must now meet the Clean at Sephora standard, which states that all Sephora products are clear of 50+ ingredients that don’t meet their satisfaction.

Sephora has been devoting big chunks of time and effort into the CBD industry, pursuing partnerships with small and large companies in order to sell these products as legitimate beauty compounds. This past week, Sephora announced that they were now enforcing some standards on the CBD products in their stores, ensuring that all of their products are trusted and of high quality.

California is ripe with opportunity for marijuana stocks. The West Coast cannabis industry is widely regarded as the largest in the world. Despite the state legalizing recreational cannabis back in 2016, California has a long history with cannabis starting back in 1996. 24 years ago, the state passed Prop 215 which is also known as the Compassionate Care Act. Prop 215 effectively allowed one of the first statewide cannabis markets to begin in the U.S.

As the coronavirus outbreak wreaks havoc on global stock markets, one company says the unfolding crisis is bound to hit the cannabis industry.

California online vape retailer ProVape said Wednesday the coronavirus is creating issues for industry around the world as Chinese vape manufacturers are being shut down due to their government’s quarantine of millions of people.

The factory shutdowns mean shipments from China of vape hardware such as coils and batteries have dwindled to a “frightening number,” ProVape said.

While consumers in the United States can only dream of having legal cannabis arrive by mail, those in Canada have enjoyed the luxury for more than a year now — and even longer for many medical patients.

Yet, mail-order sales only accounted for 5.9% of the recreational market in September 2019 — a steep decline from the 43.4% of sales in October 2018, the first month of legalization, when only a handful of legal retail stores were open across the country.

Statistics Canada attributes the decrease in mail-order sales to the increase in brick-and-mortar cannabis stores, but mail-order marijuana providers also face ample competition from the black market and are prohibited from advertising.

Cannabis edibles and drinkables are already leading Canada’s legal cannabis market in 2020.

It has now been more than a year since cannabis was legalised in Canada, and while 2019 sales fell short of most expectations, 2020 is in a much better position to succeed. In October 2019, cannabis edibles were made available to patients and the public.

A legal fight has emerged after Tilray Inc.’s deal to buy 420 Investments Ltd. for $110 million was terminated last week, with the Alberta-based retailer suing the Canadian cannabis producer for breach of contract and accusing it of dragging its feet on the deal following a “change of heart”, according to documents obtained by BNN Bloomberg.

Tilray announced its plan to buy the retailer, which currently operates 11 Four20 Premium Market cannabis stores in Alberta and is also known broadly as Four20, in late August for $110 million in a cash and stock deal. The deal – which occurred after five months of negotiations between the two companies – included $40 million in Tilray promissory notes based on future store openings, according to the statement of claim.

Gummies, chocolate, tea and sparkling water have been on the shelves of cannabis retail stores since the beginning of the year but now advocates of edibles are pushing governments to sanction social venues where people can share these products in public. 

Retailers made the case for cannabis lounges and cafes to Edmonton city council's community and public services committee Wednesday. 

Edmonton could be a leader in the up-and-coming industry, suggested Nathan Mison, Fire & Flower's vice president of government and stakeholder relations.

"Edmonton and Alberta have a real opportunity if they show the progressive capability of moving it forward," Mison said. 

Pot stocks are highly subject to market fluctuations caused by world events. Because of this, anytime a big news story breaks, it could have either a positive or negative effect on which marijuana stocks to buy. Currently, the outbreak of the Coronavirus in several new countries has resulted in world markets tumbling by significant amounts.

Among other things, millennials communicate and learn quickly, which makes them more flexible and prone to changes than older generations.