These are heady times for the cannabis industry.

Countries from Mexico to Norway are taking concrete steps towards decriminalizing the drug.

The biggest prize of all is the American market, where cannabis is now broadly legal in 15 states, and analysts believe the dominoes will keep falling.

With that liberalization of pot laws comes increased investment – but also a greater focus on the environmental cost of cultivation.

On any given day, more than a million dollars worth of cannabis products are on the move at the Nabis warehouse in Oakland, California.

Products like cannabis-infused chocolate bars and berry-flavored vape cartridges sit on the shelves, waiting for pick-up and shipping to dispensaries across the state. This movement of goods – facilitated by the Nabis’s own e-commerce platform developed for its wholesale business-to-business model – is being fueled by a surge in cannabis use during the COVID-19 pandemic.

Vince Ning, co-founder and CEO of Nabis said BEFORE the pandemic the company shipped about half of what it ships now.

It might not take long before the deep pockets of Big Alcohol and Big Tobacco all of a sudden start swaying political opinion.

Marijuana advocates have done their best to keep the industry as pure and untainted by corporate crooks as possible. But like it or not, Big Alcohol and Big Tobacco have infiltrated the scene and are working with federal lawmakers to help shape policy geared toward nationwide marijuana legalization.

Seriously, several heavy hitters from the alcohol and tobacco trade recently launched a federal lobbying group to press the flesh of pot-friendly politicians on Capitol Hill and get marijuana laws passed in their favor. In other words, marijuana has been hijacked.

Canadian cannabis companies are cheering the reintroduction of the SAFE Banking Act to the U.S. House of Representatives today.

The act proposes offering safe harbour to financial institutions like banks and insurance companies, who provide services to cannabis businesses and has long been seen as helpful for Canadian pot companies looking to expand to the U.S.

The National Cannabis Industry Association says the bill was previously approved by the house in a 321-103 vote in September 2019 and then headed to the senate, but didn't move forward and had to be tabled again because of the COVID-19 pandemic.

Canopy Growth Corporation (NASDAQ: CGC) announced that it has entered into a credit agreement with Funds advised by King Street Capital Management, L.P. Under the Credit Agreement, the company has raised a $750 million in a senior secured term loan. Canopy also said it has the ability to obtain up to an additional $500 million of incremental senior secured debt pursuant to the Credit Agreement.

Sales of cannabis-infused beverages were up 40 percent last year, as companies sought to capitalize on new marijuana consumers seeking a familiar form of consumption and those looking for an alternative to alcoholic drinks. Marijuana beverage companies, for example, have been cashing in on health-related trends such as Dry January, when alcohol drinkers abstain for the month and look for alternative ways to relax.

“People are very mindful of the impact of alcohol on their health and their looks,” said Tracey Mason, co-founder and CEO of cannabis-infused, alcohol-free wine company House of Saka, based in California’s famed Napa Valley winemaking region.

The future is bright for the expanding herb industry, and there’s never been a better time to grow your own bud business.

Despite the damages caused by the global pandemic, the cannabis industry had a remarkably successful 2020. While most businesses closed their doors, many local governments deemed dispensaries and equipment shops essential, allowing them to remain operational.

The public gained a new appreciation for flower, using it as a form of stress-relief, causing sales to skyrocket. Market expansion snowballed a new wave of legalization efforts in states such as New Jersey and Arizona, with an estimated one-in-three gaining recreational herb access in their state.

When this year started, I’d discussed when the United States was set to pursue the legalization of recreational cannabis. Cannabis use has ramped up in North American during the COVID-19 pandemic. Entrepreneurs and investors are scrambling to get in on the largest cannabis market on the planet. Today, I want to look at the best cannabis stocks to snatch up as U.S. legalization talks heat up.

Robinsons Cannabis in Kentville was busy expanding operations to add an outdoor grow site in Hortonville in 2019. - File Photo

KENTVILLE, N.S. — 

A Kentville company is growing a craft cannabis operation that it says is putting East Coast cannabis on the map.

Robinsons Cannabis opened its 2,573 square metre, state-of-the-art indoor cultivation facility in the Kentville Industrial Park in July 2020, after purchasing land for the plant in 2017.

Robinsons Cannabis is part of Auxly Cannabis Group, a publicly-traded company headquartered in Toronto. A spokesperson said Auxly operates some of Canada's most popular cannabis brands, including Robinsons, Foray, Back Forty, Kolab Project and Dosecann.

Canadian Cannabis Corp (CCAN) stock is higher by 66.67% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

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