Marijuana stocks may have been hit hard in 2019, but there is no denying the potential of the cannabis sector in the long term.

In fact, no sector in the market offers the same upside as cannabis. Just look at the growth projections for the industry.

According to Grandview Research, the legal marijuana market is expected to soar from $13.8 billion today to $66.3 billion by 2025. That's 380% growth for the entire industry.

Thirty-two states (and Washington D.C.) have already legalized marijuana in some capacity. Another 10 states could legalize cannabis use in 2020.

It seems that whenever a new recreational cannabis market rolls out, reports of exaggerated lines, product shortages, and store closures never seem to be far behind.

The Master Vapourizer has arrived.

Figr is looking beyond Atlantic Canada, having just launched its new line of vaping products that will be available first at the Ontario Cannabis Store and then select retail locations across the country.

“Our new vape pods and cartridges are designed to deliver the same experience our customers expect with all Figr products,” said Harvey Carroll, president of Figr. “Our customers are at the root of everything we do and our dedication to craftsmanship, scientific rigour and transparency is what drives our continued improvement and innovation. This new product line is no exception,” Carroll said.

As a fourth-generation farmer, Edwin Jewell has always known how to grow things, but even he didn’t see this coming — at least not this quickly.

The president and CEO of Figr East, the cannabis-production plant in Charlottetown’s BioCommons Research Park, unveiled this week an additional 210,000 square feet at the plant, a significant upgrade from the 24,000 square feet he had about two years ago.

To put things in perspective, the Figr East plant is now the size of about six football fields.

When he initially decided to take the plunge in January 2013, he told his wife it was a huge risk and if it didn’t work out they’d literally be living in a tent.

Canopy Growth Corp. said Friday the company plans to delay the launch of its cannabis-infused drinks as the pot giant takes more time to complete the build-out of its bottling facility for commercial production.

Canopy didn’t specify when it plans to make its various pot-infused beverages available for sale. It previously stated it would have its drinks on store shelves in early January. The company said in a statement Friday that it does not believe the delay will have a material impact on its revenue for its 2020 financial year, which ends in March, and will provide an update when it releases its third-quarter results on Feb. 14.

Canopy submitted its final documentation for its beverage facility to Health Canada last June and received its licence in late November.

January has already been quite the month for marijuana stocks. In only the past few weeks, we have seen many of the top pot stocks in the industry climb substantially. While there are a few theories as to why this has occurred, it seems as though nothing is concrete at this point in time.

Read entire article here.

Although Canada’s recreational cannabis market failed to exceed expectations in 2019, the market faced significant headwinds, and this is a trend that seems to be abating.

We believe that two main factors will play a key role in how the Canadian cannabis retail market grows from here. These factors are related to the number of open dispensaries and the types of products that are allowed to be sold. In late 2019, the edibles and vape pens were legalized in Canada and we are bullish on the growth prospects associated with this vertical.

Some of Canada's biggest cannabis producers are facing proposed class-action lawsuits in the United States after investors were hit with steep financial losses in the stock market.

At least nine U.S. law firms are pursuing cases against Canopy Growth, Aurora Cannabis and Hexo Corp. in American courts.

Although the allegations vary, each pot producer is accused of misleading investors or failing to disclose certain problems with their businesses. When those problems became publicly known, the lawsuits claim, share prices plunged and investors were stuck with losses.

"[Investors] are mad; they were taken by surprise," said Reed Kathrein, a lawyer at Hagens Berman Sobol Shapiro LLP, which is pursuing claims against all three producers.