After serving as a helicopter pilot in the army for several years, Socrates Rosenfeld turned to cannabis as a sort of meditative medicine. And in 2014, as a McKinsey analyst studying “aggregators” like DoorDash, he saw an opportunity in the budding space.

Rosenfeld told Retail Brew he predicted that in a few years “the cannabis consumer will expect to shop online.” He reasoned that the experience should be as seamless as buying groceries or shoes—a digital world where you can read customer reviews that say which sneakers run a size small and which edible knocks you out—but the industry (and the law) wasn’t quite there yet.

What started with supply shortages and purchase limits has turned into an industry saturated with shops in a matter of less than three years.

Delta 9 CEO, John Arbuthnot, said recent data from Statistics Canada shows in-store cannabis sales have displaced roughly 50 per cent of black market sales.

Something he said was the goal of legalization in the first place.

“Obviously a significant milestone for the industry to not only have achieved the growth that it has over the first few years,” said Arbuthnot.

Retail cannabis sales in Canada continue to rise, with sales in July approaching $340 million, a new record.

The latest numbers from Statistics Canada show that sales have continued to climb, month over month, since March.

The year 2020 saw triple-digit growth in Canada’s legal cannabis market, which was largely driven by:

Stifel analysts W. Andrew Carter, Christopher Growe, and Matthew Smith issued a huge report September 2021 report updating investors on their outlook for the cannabis industry. The group lowered estimates and price targets on several companies. The group also noted they have a negative outlook on the Canadian cannabis industry and Canopy Growth in particular. With regards to the U.S. market, the analysts don’t believe the current administration will change the legality of the industry but believe this is actually a positive thing.

As vaccination rollouts become more efficient and travel restrictions ease up, and as a result, many avid pothead travellers will want to know the best countries for cannabis tourism in 2021 and 2022.

Lighting up in the comfort of your home brings a special kind of contentment many potheads are familiar with, but after two years of lockdown and on-and-off quarantines, even the most introverted of us may be itching for a change in scenery.

In mid-September, the innovator of ethnobotanical and cannabis science products recorded a preliminary unaudited provincial wholesale sell-through in August 2021 of nearly $1.7 million.

This represents a 27% increase over the prior three-month average and puts year-to-date brand sales for the first eight months of 2021 at approximately $8.7 million compared to $6.7 million for all of 2020.

Driven by product line extension, new market expansion, and effective consumer marketing, the company noted that the wholesale sales for its retail brand, Phyto Extractions brand had reflected a strong affinity f or its products by Canadian consumers and retailers across the country.

300 Entertainment CEO/founder Kevin Liles is making a sizable investment in Vancouver-based cannabis lifestyle company Burb as it closes a $4 million Series A funding round led by Connecticut-based private equity group KarpReilly. (Photo Credit: Evan Agostini/Invision/AP)

For Liles, the combination of cannabis and music is a natural fit. As a Def Jam executive, Liles’ bonafides go back to his professional relationship with Jay-Z, himself an investor in cannabis, and overseeing Method Man and Redman’s 2001 film debut, “How High,” and the duo’s short-lived 2004 Fox series, “Method and Red.” 300 Entertainment, which Liles cofounded in 2012 with music biz vets Lyor Cohen, Roger Gold and Todd Moscowitz, is home to Megan Thee Stallion, Young Thug and Ambar Lucid, among other acts.

There are many cannabis companies that are looking to be big players in the industry. And if you can find a small, relatively unknown marijuana stock that has plenty of growth potential, it could be an opportunity to double your money.

One stock that investors should have on their radars right now is cannabis retailer High Tide (NASDAQ:HITI). The Canadian-based marijuana company began trading on the Nasdaq on June 2. With exposure to the U.S. pot market, it holds an advantage over many other marijuana stocks that operate in just one country. Below, I'll look at whether this is a business you should consider investing in today.