CBD is helping to establish cannabis as a legitimate products in the wellness market.

CBD, the more commonly known name for cannabidiol, is one of more than a hundred compounds found in the cannabis plant, and while there are several perceptions within the public around the benefits of CBD consumption, the most widely known fact about CBD is that it is non-psychoactive.

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Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce that it has received its edibles, extracts and topicals sales licence from Health Canada. This approval enables the Company to deliver extracts, capsules and its portfolio of award-winning edibles to Canadians.

Canada’s pot producers are getting plenty of fresh air.

For the first time, Health Canada noted it has licenced more physical space for outdoor cannabis cultivation (19 million sq. ft.) than indoor grow ops (13 million sq. ft.).

The abundance of outdoor operations should exert downward pressure on wholesale prices of cannabis, but only if producers are able to overcome the challenges of the great outdoors, according to Marijuana Business Daily.

Interested in marijuana, but not really big on leaving the house? The Ontario Cannabis Store (OCS) may be able to help… if you happen to live in certain areas of the province.

The provincial retailer has expanded its cannabis delivery options to include same- and next-day service to select neighbourhoods in the Greater Toronto Area and Hamilton.

After a very rough year in 2019 for most marijuana stocks, 2020 has started off on a better note overall. While some stocks continue to languish, others have bolted out of the gate.

In the ultra-competitive world of cannabis retail, operators are looking for new ways to stand out from the pack, and one option some have decided to go with is opening a themed dispensary with a focus on creating an “immersive” and dare-we-say “Instagrammable” experience.

Surging demand for cannabis in Canada, California, and Massachusetts drove a 45.7% increase in global sales during 2019, according to researchers at Arcview and BDS Analytics.

They crunched the numbers and calculated that legal marijuana sales reached $14.9 billion last year. Recreational sales in Canada, California, and Massachusetts were credited with driving the strong upswing, while flourishing medical sales in Florida and Oklahoma also took some of the credit.

Following a miserable 2019, marijuana stock investors are looking for the industry to deliver improvement in 2020, even if it's modest. Of course, the reality is that many of the issues currently plaguing the North American cannabis industry will require time to resolve. This includes regulatory- and supply-based issues in Canada, as well as exorbitant tax rates in select U.S. states.

While this does mean that most brand-name pot stocks in Canada will continue to produce losses throughout 2020, there are a few exceptions. Although Wall Street's consensus profit estimates remain highly fluid in the cannabis space, the following five Canadian cannabis stocks are expected to be profitable in 2020.

Aphria Inc. announced Friday it has lined up a $100-million investment from an unidentified institutional investor, representing a fresh capital injection which the Canadian cannabis producer has earmarked for “opportunistic” international expansion efforts.

Aphria Chief Executive Officer Irwin Simon told BNN Bloomberg in a phone interview that the investment demonstrates confidence in Aphria as well as the company’s management and strategy.

“It shows [the investor] is a believer in the [cannabis] category where a lot of licensed producers have had trouble finding any type of financing,” Simon said.

“We didn’t have to do this. We have close to $600 million on our balance sheet. It just gives us a much stronger balance sheet to continue doing what we’re doing.”