During the last year, there has been a substantial increase in the amount of cannabis 2.0 products that are available for sale in Canada. (Article originally appeared on Technical420.com)

The growth of this vertical has served as a catalyst for many Canadian Licensed Producers (LPs), retail outlets, and brands. Going forward, we expect the cannabis 2.0 trend to become more significant with consumers, retailers, and operators. The high-margin nature of this trend is expected to improve profitability and we are bullish on the potential impact that is associated with it. 

Two Leading Canadian Cannabis 2.0 Companies 

Standing on a mound of dirt dubbed the perch, Jason Guttridge points at a long white house sticking out above fields of corn that blanket most of the land surrounding Merlin, Ont. 

"That would be our home farm right there ... beans, wheat and corn," says Guttridge, his brother Bill standing by his side.

Canopy Growth (TSX:WEED)(NYSE:CGC) is a world-leading, diversified cannabis and cannabinoid-based consumer products company with operations in countries across the world. The company produces, distributes, and sells a diverse range of cannabis and hemp-based products and other consumer products for both recreational and medical purposes under a portfolio of distinct brands in Canada. Canopy Growth sells products pursuant to the Cannabis Act, and globally pursuant to applicable international and Canadian legislation, regulations, and permits.

What happens if marijuana isn't the only drug that gets legalized in the US?

What happened

Marijuana stocks got thrown for a loop on Thursday, and shares of Aurora Cannabis (NASDAQ:ACB) are trading down 3.6% as of 3:40 p.m. EDT, followed by Sundial Growers (NASDAQ:SNDL) with a 4% loss, and Tilray (NASDAQ:TLRY) down 4.4%.

So what

It's rarely easy to put your finger on what exactly causes a marijuana stock to go up or down. None of these stocks are profitable, after all, and according to Wall Street analysts polled by S&P Global Market Intelligence, profitability remains at least a few years away for most of them.

The company received authorization to contract in the province of Quebec from the Autorité des marchés publics.

The Valens Company Inc (TSX:VLNS, OTCQX:VLNCF), a leading manufacturer of cannabis products, announced that it has received authorization to contract or subcontract with a public body from the Autorité des marchés publics (AMP), in Quebec.

The Kelowna, British Columbia-based company said that with this authorization, it can now apply to become a registered vendor to supply goods and services in Quebec. This marks a significant step toward entering the third-largest cannabis market in Canada, representing around 17% of Canadian cannabis retail sales in the country and approximately 22% of the Canadian population,” according to Statistics Canada.

New Proprietary Triploid Strains to Reduce Cross Contamination

Anaheim, California--(Newsfile Corp. - August 19, 2021) - GreenGro Technologies, Inc. (OTC Pink: GRNH), an established provider of eco-friendly green technologies for the industrial hemp and cannabis industries, today announced that its wholly-owned seed genetics subsidiary, Genobreeding, is using cutting edge triploid methodology to develop the Company's own proprietary hemp and cannabis strains.

Tilray, Inc. (NASDAQ: TLRY) has bought the majority of the outstanding senior secured convertible notes of MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) that were originally held by certain funds affiliated with Gotham Green Partners, LLC and other funds. The transaction is valued at $165.8 million.

Bonify, a Manitoba cannabis producer that ran afoul of regulators is now calling it quits.

Balanced Health Botanicals, one of Colorado's largest CBD companies, has been acquired by a Canadian hemp firm in a multi-million-dollar deal.

Headquartered in Englewood, Balanced Health Botanicals founded CBDistillery, a line of hemp-derived CBD products. After its launch in 2016, CBDistillery quickly became a popular e-commerce CBD brand across the country, ranking in the top five CBD companies, with more than 30,000 orders a month as of this year.

The three-year anniversary of Canada legalizing cannabis is quickly approaching, and leading into legalization there were many predictions from all sides.

Some predicted an increase in driving under the influence, not being able to breathe while walking down the street, or children getting their hands on cannabis easier than ever.

Other discussions would centre around the economic viability of cannabis retail stores. How many could Medicine Hat sustain? Will stores be able to compete with the grey market? How would product quality be?

Giving and Receiving store owner Ryan Bartsoff says a lot has changed since opening his store in early 2019.