In the fall of 2018, Canada became the second country in the world to legalize the recreational use of marijuana. Since that time the Canadian cannabis industry has grown dramatically. Last year saw revenues top $3 billion, and that number is expected to double by 2026, according to Statista. (Click here for Benzinga article)

These massive revenues have been driven by first movers in the Canadian market like Tilray Inc., Canopy Growth Corp., and Cronos Group Inc.

Is there an advantage to using aeroponics? The answer seems to be up in the air.

Aeroponics, as most know, is a growing method where fertilized water is misted or sprayed onto roots kept in darkened chambers. 

Nozzle clogging, a historically common problem due to the nutrients in the irrigation solution, is now handled through the use of water pressure sensors and other technologies. 

Collectively however, the entire aeroponics system (sensors, precision nozzles, software, etc.) still incurs higher capital costs than hydroponics. Are the end results worth the added investment?

ATB Capital Markets shared its outlook for Canadian adult-use sales in 2022; meanwhile, Cantor Fitzgerald's Pablo Zuanic warned investors away from the industry.

A new report from market analysts is projecting steady growth for the adult cannabis market in Canada, saying it could potentially reach over C$12 billion.

Also this past week, an analyst shared his bearish view on the cannabis investment landscape in 2022 due to low expectations from the US political system.

Keep reading to find out more cannabis highlights from the past five days.

 Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), today announced the upcoming launch of nine new products that will be available in the Ontario cannabis market through the Ontario Cannabis Store (“OCS”) and retailers in the province. New products include two infused pre-rolls, three concentrates, one pre-roll, two vape cartridges, and one flower product.

Under a recent call for new products, Heritage submitted unique and innovative products for consideration by the OCS, nine of which will be available in Spring of this year – a notable achievement for the Heritage product innovation team.

Here's how O'Neil Rudolph plans to incentivize cannabis brands and consumers to focus on recycling efforts.

O’Neil Rudolph is still two years away from being able to legally purchase recreational cannabis in the U.S. but that hasn’t stopped her from working on a solution to the industry’s waste problem.

Inspired by environmental efforts in other sectors, Rudolph, 19, began thinking about ways to encourage both consumers and retailers to stay mindful of cannabis waste. She felt that the majority of consumers would be interested in recycling initiatives if they were encouraged and made accessible.

Key things to watch for in the year ahead

Last year was a rough one for the cannabis industry — it started with high hopes pinned on the incoming administration of President Joe Biden and ended with gridlock and an extended decline in stock prices. 

This week, Bloomberg Intelligence analyst Kenneth Shea talks about the key areas to watch in 2022. Shea published a research note last week on how progress is needed on the reform front if the industry’s fortunes are to shift. 

Things change a lot in a year. Was it clear that investors were overly optimistic about legalization prospects under a new government? Looking forward, what can we learn from that experience?

British Columbia has been a mecca for cannabis enthusiasts and growers long before the product became legal in Canada in 2018.

But the underground pillar of the province's economy hasn't flourished despite the hard-fought battle for legitimacy, industry advocates say.

Policy hurdles continue to strangle the life out of the dreams of small craft growers and squander the legacy of B.C. bud, said Marshall Anselmo of Grass Roots, a Vancouver Island company that markets exclusive strains of cannabis plants.

“There was a lot of hype, hopes and dreams,” said Anselmo, who helped showcase growers pre-legalization and farms cannabis with a medical licence.

“But that kind of took a pretty quick turn,” he said.

A cannabis dream come true!

Canada just got its first cannabis culinary facility, located in Vancouver, B.C., and they will have products in some stores soon!

The unique foodie concept was just opened up by a company called West Blvd Cannabis and it looks incredible already.

In an email to Narcity, the company confirmed that it is the first of its kind in Canada, and "the first cannabis manufacturing facility that the City of Vancouver has allowed."

To start, they will be offering infused culinary oils for anyone to make their own infused meals at home. They'll also have educational videos that you can follow along with, to learn the infused recipes.

2021 was hardly a banner year for the Canadian weed company; perhaps its fortunes are about to change.

In losing nearly 35% of its value, Aurora Cannabis (NASDAQ:ACB) was a stinker of a stock in 2021... but to be fair to the company, so were most other big marijuana players based in Canada. Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic.

Aurora was once considered the leading light among Canadian cannabis stocks. Perhaps after a trying 2021, it can regain some of its luster in 2022 with a nice rise in its share price.

While most firms are focused on bringing their brands to the US market, it appears that Gage Growth Corp (CSE: GAGE) has a slightly different idea in mind. The firm last night announced that it will be bringing the Cookies brand to Canada, opening its first dispensary in Ontario this weekend.

The firm will be opening the first flagship Cookies-branded dispensary in Toronto, while bringing a number of Cookies-branded products North of the border as well via a partnership with Noya Cannabis. The location is said to feature the entire collection of Cookies branded products, including strains of cannabis developed by the company.