So far, only one Canadian marijuana producer has reported quarterly results that include sales in 2019. But when Aphria (NYSE:APHA) announced its results for the quarter ended Feb. 28, it wasn't what investors had hoped for.

At the moment, there's simply no industry growing faster, or garnering more attention from Wall Street and investors, than marijuana. Following the legalization of recreational weed in Canada, and now having over 40 countries worldwide with some sort of medical cannabis legalization in place, the sky appears to be the limit for pot and marijuana stocks.

Since the beginning of the year, most marijuana stocks have been on fire. Through this past weekend, the Horizons Marijuana Life Sciences ETF, the first-ever tradable cannabis exchange-traded fund, had gained 49%, year-to-date, compared with "only" 16% for the broad-based S&P 500.

The impetus for this rally is Canada's legalization of recreational marijuana in October, as well as continued legalizations in the United States and around the world. Today, more than 40 countries worldwide have given the green light to cannabis in some capacity, and the sky appears to be the limit for marijuana stocks.

Earlier this year, a trucker hauling nearly 7,000 pounds of hemp found himself in an Idaho jail cell. When he pulled into the East Boise Port of Entry weigh station for a routine inspection, a state trooper seized the truck and charged the driver with felony drug trafficking—a crime that carries a minimum of five years in prison and a fine of at least $15,000. The case remains unresolved.

Cannabis prices in Canada have soared since legalization with prices on the black market now reportedly less than half that of licensed dispensaries.

The average cost of a dried gram has rocketed since legalization last October, according to users who voluntarily entered what they paid into a Statistics Canada app.

The difference between legal and illegal prices is even more dramatic, with a gram in regulated stores averaging $9.99 per gram compared to less than $6.40 on the black market, some 36 per cent cheaper.

Although all eyes in the cannabis sector are on Canada, the reality is that the remaining global market has far higher potential that Canada’s legalization ever will. However, Canadian cannabis companies are preparing their move for global conquest.

The size of the global legal marijuana market is expected to rise to $63.5 billion by 2024, according to a study put out by Ameri Research.

Aphria Inc.'s first full quarter of sales since the legalization of recreational cannabis fell short of investor expectations after the company posted a steep quarterly loss, a $50-million impairment charge related to its Latin America operations and announced that Green Growth Brands had dropped its hostile takeover offer.

Although the Leamington, Ont.-based pot producer saw net revenue soar by more than 600 per cent to $73.8 million during its third quarter ended Feb. 28, it posted a net loss of $108.2 million. That's compared with net revenues of $10.3 million and net profits of $12.9 million during the same period a year earlier.

Cannabis stocks are not well-known for their stability or their income generation. I guess this makes sense since they do not have any earnings of their own to pay out. But if you are a risk-tolerant investor with a desire to gain some income from your cannabis stocks, this article will give you some ideas to take to the bank.

There are two primary ways to generate income from your cannabis investing. Both make use of options, although the strategies differ in how they operate. The first strategy makes use of put selling, selling another investor the right to sell you their shares at a specified price, or selling calls, which is the right for you to buy their shares at a specified price. In order to take on that risk, options sellers are rewarded with an option premium

The company attributed the design change to a rapidly growing global demand for high-quality medical marijuana. The facility’s initial 1.2-million-square-foot footprint will be expanded by 33 per cent to 1.62 million square feet. Aurora officials stated they were confident in projecting an expected production capacity at Aurora Sun in excess of 230,000 kilograms of high-quality cannabis a year.

Canada’s booming marijuana industry has been attracting considerable attention, especially since it became the first developed nation to legalize the recreational use of the drug. That event triggered a massive boom among marijuana companies with Canopy Growth (TSX:WEED)(NYSE:CGC) emerging as the industry leader.

The marijuana cultivator has grown from being the first publicly traded marijuana company in North America in early 2014 to now have a market cap of almost $20 billion and poised to enter the S&P/TSX 60 Index. This is a remarkable achievement and highlights why now is the time for investors to add Canopy to their portfolios.