When a new industry emerges, investors who are on the frontier are often the ones reaping the out-sized rewards. Such is the case with many Canadian cannabis investors and innovators - the Canadian cannabis industry has ballooned into gigantic proportions, with the money early investors put into such enterprises ballooning in a corresponding fashion.

When stock prices appreciate in such a manner, and buyouts, mergers, and acquisitions happen on an increasingly more frequent basis, concerns about corporate governance can begin to emerge as investors begin to look deeper into the entangled nature of the growing company they have invested in.

City councillors agree to random selection for deciding who gets a permit to sell cannabis.

Cannabis retailers hoping to set up shop in Edmonton will have to bank on the luck of the draw.

The city's urban planning committee voted in favour of a lottery system Tuesday to choose who will get a development permit to sell pot.

Councillors Michael Walters said the random selection process puts small and big companies on the same playing field.  

"What we're trying to do is create a sense of fairness," Walters said after the decision. "There's a lot of interest in setting up cannabis business in Edmonton, from a variety of proponents from a variety of capacities."

Why Go Public in Canada?

Quebec might not seem like the obvious place to get into the cannabis business. For the few cannabis businesses calling Quebec their home however, there is major upside and potential in doing business in French Canada.

Despite rapidly growing sales, pot stocks may not be as profitable as once believed.

In just 15 days, the wheels are likely to be set in motion to make adult-use marijuana legal in our neighbor to the north. On June 7th, Canada's Senate will vote on the Cannabis Act, with a positive outcome expected to lead to recreational legalization not long after. By August or September, roughly eight to 12 weeks after the bill is signed into law, adults aged 18 and over will be able to legally purchase marijuana in Canada.

With only months left before Canada officially opens its adult-use cannabis market, Julian, Ricky, and Bubbles are entering the legal ganja game — and you can frick off if you don’t like it!

"Trevor, Cory — smokes, let's go!"

The Trailer Park Boys are getting in the ganja game, and soon Ricky's famously demanding tagline will no longer refer to loose cigarettes, but instead expertly-packed pre-rolls sold legally across Canada.

The top performing OC Micro-Cap Fund has said cashed-up Cann Group Ltd (ASX:CAN) has “myriad opportunities” in the fast developing medical cannabis industry, saying the company has “a clear path to profitability.”

Medical marijuana has been making breakthroughs for years with technology continuing to advance at a rapid pace.

With laws changing all of the time and more research being done on the medical benefits of cannabinoids found in marijuana, we are witnessing some exciting things happening in the medical industry. We’ve compiled a list of just ten of the more recent major medical marijuana breakthroughs:

1. Brain Cancer

Cannabis company is currently renovating one structure, building another.

If things go according to plan, the Back Home Medical Cannabis Corporation will soon be providing medical cannabis — and jobs — to the province of Newfoundland and Labrador.

The company is planning a large, high-tech pot grow operation for Barachois Brook near Stephenville, with hopes of having product available by the time it's legalized later this year.

"We've got, I think, probably as good an opportunity to be a very successful company as any on the globe," said David Callahan, the president of Back Home Medical Cannabis, which is owned by Biome Grow.

'High-tech operation' promises jobs

Pete Patterson loves to see people's reaction when he tells them he makes the machinery used to process marijuana.

Some are shocked and taken aback, after all, cannabis used to be an illegal drug.

Others are impressed and think it's cool Patterson is capitalizing on a thoroughly modern and lucrative business sector.

"When we first started Vitalis Extraction Technology, I used to cover my mouth and say what business I was in quietly," said Patterson, who is the company's co-founder and chief operating officer.

"Now, I'm very open about it. It's not taboo anymore. We don't touch the plant."