When states first began to “experiment” with the legalization of marijuana, lawmakers, state officials, and everyone else, for that matter, were eager to see how selling legal weed would pan out.

On the one hand, naysayers wanted to judge whether the socioeconomic cost of legalization was worth the tax dollars the market would surely drive into state and local coffers. At the same time, advocates stood waiting for a “told ya so” moment, when they could show the nation that a legitimate pot market would not lead to a drug-addled society. Years later, the results have been mixed.

According to Health Canada, the Canadian medical cannabis market currently contains 320,000 registered patients, and an estimated total of 8 million Canadians experience chronic pain. An Israeli pharma-tech, Syqe Medical, which specializes in inhalation devices for therapeutic drugs, has developed an innovative medial cannabis inhaler -- touted as a first of its kind -- to help treat these patients. During its announcement of regulatory approval in Canada on April 28, the company did not name a licensed producer. However, there is reason to believe that the licensed producer could be a North American cannabis operator headquartered in Canada called TerrAscend (OTC:TRSSF).

Cannabis Stocks And 2021 Market Performance

As leading marijuana stocks appear to bounce back in the market which pot stocks are you investing in? In 2021 top cannabis stocks to buy have taken investors on a ride of market volatility that has left some investors down in the sector. After reaching new highs in February most pot stocks have seen a sharp decline in value for the past few months.

A public consultation has been approved for Canada’s first Indigenous reserve-owned licensed cannabis shop to open a location in Merritt, B.C.

The owners of the proposed shop, the Williams Lake First Nation (WLFN) or T’exelcemc (people of WLFN) of the Secwepemc Nation, are already veterans of the cannabis business.

States that have legalized adult-use marijuana sales have seen billions of dollars in fresh tax revenue from cannabis, according to a new study.

Canada is currently home to the largest legal adult-use cannabis industry on earth. The only other country that has legalized adult-use so far is Uruguay. Unfortunately, there are still unregulated markets.

Whereas Canada has a population of roughly 37.5 million people, Uruguay’s population is less than 1/10th of Canada’s (roughly 3.5 million people). In addition to a much larger population, Canada’s adult-use industry is open to anyone of legal age compared to Uruguay where only residents can make legal purchases. Canada’s legalization rollout was far from smooth, however, that was expected given the fact that Canada was essentially doing something that no other country had done before.

Marijuana is proving to be a massive cash crop for New Brunswick.

Per recently-released figures from Statistics Canada, cannabis cultivation has been a financial boon for the province, generating a whopping $244.7 million in farm cash receipts last year — considerably more than agricultural stalwarts like maple syrup, potatoes, or blueberries.

Kitchener’s Highland Cannabis retail store has won first place in the Commercial Design category in the 2021 Decorating and Design Competition held by the Decorators & Designers Association of Canada (DDA Canada).

Owned and operated by Niki and Owen Allerton, the nearly 3,000 square foot store was designed by longtime friend Benjamin John Ouellette in collaboration with Montgomery Custom.

Some of the store’s interior design elements include suspended wooden features, moss walls and custom display cases.

Canadian natural fiber specialist Bast Fibre Technologies Inc. (BFTi) said it will use some of the $7 million it recently raised to develop a European manufacturing site as it focuses on ramping up production of fibers for non-woven products.

U.S. based private equity firm Merida Capital Holdings, New York, and existing investors provided the series A financing, which the company said will allow it to advance business beyond the R&D phase to full commercialization of its intellectual property in natural fiber processing.

“With this financing under our belt we can complete the final build out of our EU manufacturing site, continue the investment in our feedstock supply chain and enter full-scale commercialization,” said CEO Noel Hall.

These Canadian Marijuana Stocks Still Hold Value In The Market

With the start of the final week of May, marijuana stocks seem to be sustaining an upward push in the market. This current increase in momentum is setting a good pace for the start of June. Initially at the start of the month cannabis stock did not start to rise like they are now. Even with this current momentum shareholders need to see more consistency before ruling it a real recovery.