Canada's top pot producers have all seen their valuations shoot higher this year -- that is, except Tilray(NASDAQ:TLRY). Over the first five months of the year, Tilray's market cap has slipped by an unsightly 25%. Worse still, the company's valuation has now been cut in half from its former high. 

However, this downward trend might finally be nearing an end. Yesterday, Tilray posted better-than-expected first-quarter numbers that might give its stock a much-needed jolt heading into the second half of the year. Should investors buy into this strong quarterly performance? Let's dig deeper to find out. 

Yellowknifers are getting closer to legally buying cannabis products somewhere besides the liquor store.

At a city council meeting Monday, councillors discussed the regulatory framework for retail cannabis sales. Recreational cannabis became legal in the Northwest Territories on Oct. 17, following federal legislation, but the uptown liquor store is only retail location in the city. 

That framework could include a 100-meter buffer zone between shops selling cannabis and certain areas, such as elementary, junior and high schools, the Fieldhouse, the Yellowknife aquatic centre and arena, Stanton Hospital, medical centres, and daycares.

This map shows where cannabis could not be sold if the buffer zone is approved:

CannTrust Holdings (NYSE:CTST) hopes to become one of Canada's biggest and lowest-cost marijuana producers, and this week, it unveiled first-quarter financials that show it's making progress toward its goal.

The company's harvest surged because of expansion projects, and strong medical marijuana sales more than offset a sequential slowing of recreational market sales. Can CannTrust Holdings' success continue? Here are three important takeaways from its first-quarter financial report.

Jefferies has projected that the cannabis industry will be worth US$130.0B in a decade if the industry expands to sectors such as alcohol, health and wellness and pet care. In U.S. for 2018, US$72.56B was spent on pets with US$18.1B attributed to vet care and US$30.3B spent on food (American Pet Products Association, 2018).

The pet market is being driven by increasing pet humanization trends and increasing dog ownership. CBD products for pets can help treat anxiety, chronic pain and skin aliments, among others. Today we have identified four cannabis CBD stocks that may have an early leg up in the CBD pet care market.

Earnings season is in full swing, and in case you weren't aware, that includes marijuana stocks. In recent days, the latest quarterly results have been reported for a number of the largest cannabis growers in our neighbor to the north, including what's arguably the most popular pot stock on the planet, Aurora Cannabis(NYSE:ACB). A little more than a week ago, I recounted the 10 most important numbers that Wall Street and investors would want to focus on when Aurora Cannabis reported its fiscal third-quarter operating results after the bell on May 14.

A Dartmouth, N.S., man with a physical disability is fighting for the right to smoke medicinal pot in a smoke-free apartment, as he takes his battle to the Nova Scotia Supreme Court.

Philip Bennett, 57, was evicted from his apartment on Friday after losing several legal challenges at the provincial Residential Tenancies Board and small claims court.

That night, he slept in his motorized wheelchair out in the woods, which was made worse by the fact it was raining.

“I had to cut a garbage bag to put it over my head,” he told CTV News Atlantic.

Bennett has since taken up temporary residence at a motel, after receiving money from members of the Dartmouth’s medical cannabis community.

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TGOD.TO) (TGODF) is pleased to announce that it has obtained approval from Health Canada, under the Cannabis Regulations, to expand operations into its new state-of-the-art building located in Hamilton, Ontario.

The 20,000 square feet indoor facility is going to be used for cannabis cultivation; planting will start in the coming weeks.

“This is yet another important milestone for our team as we continue to ramp up production with a focus on executional excellence,” commented Brian Athaide, CEO of TGOD.

“We have pioneered the concept of sustainably growing all-natural, certified organic cannabis at scale. The product we are able to offer Canadians is clean, pesticide-free and undeniably premium.”

Aurora Cannabis sold a ton of weed last quarter. Nine metric tons, in fact.

Like the other Canadian pot producers reporting earnings Tuesday, Aurora increased sales strongly in its March quarter. Investors had worried that the recreational marijuana market was off to a slow start in Canada, but on Tuesday evening the Edmonton, Alberta-based Aurora Cannabis reported that its net revenue grew 20% from the December period, to reach 65 million Canadian dollars (or US$48.5 million) for the March period. Aurora’s recreational sales grew 37% sequentially.

The year 2019 thus far has been pretty exciting when it comes to cannabis stocks.

With so many legislative changes and shifts in the public perception of the substance, it seems as though the potential with cannabis is quite endless. The majority of investments into the industry has been to companies that grow the substance in its raw form.

With this in mind, there is also a varying amount of potential with the companies that produce products or offer services to the market. The only rules about cannabis are to not be prejudice about the company and do the proper research before investing.

On the surface, the marijuana industry looks like a once-in-a-generation growth opportunity. It generated $12.2 billion in global sales in 2018, and Wall Street investment firm Cowen Group is calling for $75 billion in global annual sales by 2030. If Cowen's estimate is accurate, we'd be looking at an industry capable of a compound annual growth rate of almost 17% over the next 12 years.

Growing pains kept me away from this budding industry for years

But this is also an industry facing some very apparent teething pains, especially in Canada, which became the first industrialized country in the world to legalize recreational pot, in October 2018.