Every time Irwin Simon buys a new company or brand, his barber gets upset. 

“I’m very superstitious,” said Simon, chief executive officer of Tilray Inc. “During a deal, I never get a haircut.” 

Depending on how the next few years go, the 63-year-old executive might have a hard time staying well-coiffed if deal activity in the fast-paced cannabis sector continues to heat up. Simon – who in previous roles sold everything from diet drinks to free-range organic chicken - now has one goal ahead of him: running the biggest pot company in the world. 

Dana Larsen is anything but discreet about his business—and that’s exactly the point. “I’m definitely not the first person to sell mushrooms online,” he says. “But I might be the first to put my name, face, and reputation on the line for it.”

Retail sales were negatively affected by COVID lockdowns, while new stores and lower prices provided a boost.

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.

Is Now The Time To Invest In Top Cannabis Stocks?

Is this a good time to invest in the top marijuana stocks to watch? With the market in a downtrend leading cannabis stocks have taken a significant hit in the market.  For the past three months, the marijuana sector has made its way back to trading near December 2020 levels. For the most part, the cannabis sector has now been consolidating at its current levels for quite some time.

Substances such as cannabis and alcohol are getting used more often as Canadians worn down by COVID-19 are trying to cope with a self-reported increase in mental health issues.

Findings from Field Trip Health Ltd.’s first annual “State of Mind” survey show that about one in four respondents self-rate their current mental health as only fair or poor, while the lion’s share of those polled — 83 per cent — are reporting one or more symptoms of depression.

A recently released Canadian study has found that authorizations to use medical cannabis for chronic pain patients correlated to a reduction in opioid use among those to whom they are prescribed. A report on the research, “Opioid use in medical cannabis authorization for adult patients from 2013 to 2018: Alberta, Canada,” was published earlier this month in the journal BMC Public Health.

The results of the 2020 election in the United States touched off a wave of enthusiasm among Canadian cannabis companies looking to cash in on business opportunities south of the border.

With the Democrats retaining their majority in the House of Representatives while picking up control of the Senate and the White House, it appeared to casual observers that full federal legalization could be just around the corner. This is still possible, but it is by no means certain.

Fortunately, there are plenty of opportunities within the legal hemp-derived CBD space for companies looking to expand their presence south of the border.

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, CBD and vaporization device company announced the appointment of Martha Stewart as the company’s official strategic advisor. In this new role, Martha will expand upon her existing relationship with the company, leveraging her vast knowledge of product development and branding expertise, to provide the company with dedicated counsel ranging from product innovation to format development and strategic partnerships.

Canadian Cannabis Stocks As May Progresses

Are you looking at top marijuana stocks to invest in this week? At the current time, the best cannabis stocks to buy have seen declines in market value since February. Although market performance has been on the decline, this drop in the cannabis sector could produce future gains for new investors. In Canada, cannabis companies continue to establish some form of entry into the US market.