Canada is the first G-7 nation to legalize recreational marijuana after the upper house of parliament voted 52-29 in favor of a revised bill to legalize recreational marijuana. This is a major milestone and cannabis investors need to be monitor how the market responds to this vote.

Canada’s recreational marijuana market is expected to open in the next 8 to 12 weeks and this is a significant development that should drive the cannabis sector higher. Yesterday, Canadian cannabis stocks rallied off their lows and were a bright spot in a market that traded lower on average.

As Canada’s provinces get ready for the advent of legal recreational pot, many questions remain about Ontario’s plans to sell cannabis through a subsidiary of the LCBO. But there are no quick answers from the Ontario Cannabis Retail Corp., which is responsible for both online sales and stores.

While Alberta’s premier says that province’s privately run stores will be ready and waiting for legalization, and New Brunswick’s provincial cannabis authority recently gave a tour of a store, Ontario is plodding along carefully and keeping a tight lid on information.

The government of Quebec has finalized their new cannabis legislation. With the new bill in place, Quebec residents can expect legal cannabis to be available by September, writes Calvin Hughes.

The fact has been cited again and again: racialized people are 

As the movement to legalize recreational cannabis use gains momentum, investors are looking to get in on the action in any way they can. And that's a huge win for Canada because it's basically the only game in town, writes Brandon Hicks.

Cannabis production is ramping up across Canada in preparation for recreational sales becoming legal. The House of Commons on June 18 voted 205-82 to accept an amended version of Canada’s Cannabis Act, which would legalize recreational cannabis use countrywide.

The bill now passes back to the Senate, where senators will vote on the new version of the bill – one that includes many of the amendments that the Senate voted on June 7 to approve, but not all of those amendments.

The federal point-man on pot, Bill Blair, says that if the legislation to legalize marijuana passes by the end of the week, the government will eye a September date to implement the new regime.

"Upon Royal Assent a decision will be made by the government as to a date of implementation," Blair said in an interview on CTV’s Question Period. "We're probably looking at a date of implementation somewhere towards the beginning of September, perhaps mid-September."

The Cannabis Act is currently in a temporary state of legislative limbo, after the House of Commons rose early Friday following a 12-hour voting marathon.

Beer brewed with marijuana, baking mixes concocted to bring out the unique flavours of cannabis oil and good, old-fashioned pot cookies: Canadian companies are creating them all, but it's unclear when stores will legally be able to stock the edibles for recreational users.

Instead, business owners have been getting creative to manufacture, refine and sell their products.

Ottawa has pledged that recreational marijuana will become legal sometime this year and the Senate recently approved the pot legalization bill. But the federal government has said the sale of edible cannabis products will not be legal immediately.

That hasn't stopped Canadian companies for entering the market.

Bill C-45 is testing whether Trudeau can make good on one signature promise, to legalize cannabis, without losing ground on another — advancing reconciliation.

In the heart of Alberta’s oil sands, there’s a new opportunity on the horizon, one that isn’t at the mercy of oil prices and pipeline politics.

The Fort McMurray #468 First Nation hopes to open a new marijuana production facility next year on its land south of the city, in partnership with cannabis company RavenQuest BioMed. The operation could eventually produce 15,000 kilograms of cannabis a year, estimates Brad Callihoo, the First Nation’s CEO.

“My mandate is a self-sufficient nation for the next seven generations,” he said.

City bureaucrats are floating the idea of allowing rural pot-growing greenhouses that are bigger than Lime Ridge mall.

The City of Hamilton is floating the idea of allowing rural pot-growing greenhouses bigger than Lime Ridge mall.

The potential policy change would allow legal medical marijuana growers to build greenhouses up to 90,000 square metres in size, or close to 1 million square feet. By comparison, the city's largest mall complex at Lime Ridge has 814,000 square feet of store space.

The option will be discussed at a Tuesday planning meeting, but not voted on until public feedback is gathered for a future report to council. Such a change would be a radical U-turn for a city that currently restricts rural grow-ops to 22,000 square feet.