Cannabis has quickly made its way from underground culture into the mainstream. As of 2020, the global cannabis industry is valued at $9.1 billion and projected to increase at a compound annual growth rate of 26.7% from 2021 to 2028.

Benzinga sat down with Tony Venosa, CMT, Senior Options Strategist at Schaeffer's Investment Research, for insight into the latest trends impacting the cannabis industry and pot stocks.

For cannabis operators, being compliant and efficient at the same time often feels like an impossible feat.

This is especially true for cultivators, who must go to great lengths to ensure their cannabis is both high-quality and produced within the constructs of the laws of their individual state. 

In 2017, Matt Mayberry, Karen Mayberry, and Benjamin Wong (all passionate cannabis advocates) were exploring a foray into the legal market when they discovered the multitude of issues producers were facing.

One of the main challenges was the archaic systems being used for the vast amount of data needing to be collected for regulators.

The county seat may become the county hub for recreational marijuana businesses.

An ordinance allowing licensed cannabis establishments in all six classes approved by the state to operate in the city is slated for a public hearing and final passage early next month.

The six classes of licenses allowed for recreational marijuana in New Jersey are grower, manufacture, wholesale, distributor, retailer and delivery.

The hearing on the  ordinance will be held at 5:30 p.m. July 7 in the New Brunswick City Hall Council Chambers.

Cronos Group (NASDAQ:CRON) has been chomping at the bit to get into the U.S. market. And that's evident even from its financials. Although the company makes the bulk of its money in Canada, it includes that in its "rest of world" segment. The company has been launching hemp-based products in the U.S. for the sake of penetrating the market. And it is also working on developing low-cost cannabis products that could make it a big player in the industry.

Cannabis products in BC are getting cheaper and more potent, and its year-over-year sales have doubled between 2019 and 2020, according to a new report from the Canadian Institute for Substance Use Research (CISUR). In 2020, sales added up to nearly 8,000 kg of THC—equivalent to approximately 400 million joints (at 20mg of THC each) and accounted for about $290 million in gross revenue.

Fraud charges have been laid against CannTrust Holdings Inc.’s former chief executive Peter Aceto and two former directors, all of whom face possible jail time of up to five years if found guilty in a sweeping quasi-criminal case led by the Ontario Securities Commission.

Company co-founder and former board chair Eric Paul and former director Mark Litwin are also charged with insider trading following a months-long investigation by Canada’s largest capital markets regulator. The OSC moved in following blockbuster revelations in the summer of 2019 that a Health Canada inspection of the publicly traded company uncovered unlicensed cannabis growing at its Pelham, Ont. facility.

Since the eruption of altcoins, the crypto space has experienced a wide variety of wonders and unexpected events. Smart contracts, Lighting network, DeFi, scams, bubbles and failed projects to name some of the most obvious. In the midst of this frenzy, a fascinating concept appeared: Cannabis Crypto. 

Some view these tokens as a possible solution to the cannabis industry’s banking problem that stems from the DEA's outdated Schedule I status of marijuana as a controlled substance thus making it impossible for the entire industry to access banking institutions, essentially forcing cannabis companies to operate outside of insured banking systems.

2 Top Canadian Marijuana Stocks To Watch Before Next Month

Currently, marijuana stocks in the last half of June have been facing a bit of volatility in the market. This has led to some cannabis stocks once again dropping back down. Now, these recent drops in trading have led to more chances to find top marijuana stocks to buy at bargain prices. Yet the concern amongst shareholders is when will a big enough recovery happen.

 The county seat may become the county hub for recreational marijuana businesses.

An ordinance allowing licensed cannabis establishments in all six classes approved by the state to operate in the city is slated for a public hearing and final passage early next month.

The six classes of licenses allowed for recreational marijuana in New Jersey are grower, manufacture, wholesale, distributor, retailer and delivery.

The hearing on the  ordinance will be held at 5:30 p.m. July 7 in the New Brunswick City Hall Council Chambers.

2 Top Marijuana Stocks To Add To Your June 2021 Watchlist

The current trading for marijuana stocks has started to look better over the last month. At the start of May, cannabis stocks were still trading down. However, towards the second week of trading marijuana stocks started to show signs of volatility.