Mexico "absolutely" could follow Canada's lead in legalizing marijuana as a way to reduce violence generated by a war on drugs that "doesn't work," its incoming foreign minister said Tuesday.

Marcelo Ebrard, who will become foreign minister when Mexico's president-elect Andres Manuel Lopez Obrador takes office December 1, said he discussed Ottawa's experience Monday with Canadian Foreign Minister Chrystia Freeland.

Asked whether Mexico might follow Canada's example, Ebrard told reporters, "Sure, absolutely."

"We think it is a very interesting option in the short term for Mexico," he said. "We think there are two options: the Canadian model or the Uruguay model."

Recreational marijuana legalization may have happened Oct. 17, but job postings for the cannabis industry— and interest in them— is still blooming. According to an August report from job site Indeed, openings from the cannabis industry have more than tripled since last July, and searches for terms like cannabis, marijuana, and dispensary have more than quadrupled.

'A candidate market' for jobs

Jennifer Ellis, human resources manager at medical marijuana company Cronos Group, told HuffPost Canada "it's really a candidate market as opposed to an employer market."

Legal recreational cannabis in Canada is less than a week into its tenure and already dispensaries across the country are emptying their shelves.

In Quebec, only a few dozens products are still in stock according to the SQDC website. SQDC stores, too, appear to be running out of cannabis.

There's no telling when the demand for cannabis and the government-controlled supply chain will balance.

But in the meantime, enthusiastic Canadians have grabbed up a massive quantity of marijuana.

Now, consumers are taking to the internet to review and rank products from across the country.

The cannabis internet culture has always existed, but now legalization has pulled it out of its shadowy depths to the forefront of public conversation about the drug.

Canada has officially legalized recreational marijuana. What a historical event for Canadians, and honestly, for the world. I wonder which country is next!

Despite the fact that marijuana is legal in Canada now, it's still considered a criminal substance in many countries, and most importantly, in the United States.

Thanks to something called the U.S. Patriot Act, if you purchase marijuana with a credit card in Quebec or Canada, the details of that transaction may be investigated by the U.S. Government.

Visa and Mastercard are almost all located in the United States.

Canada's main stock index was down more than 200 points on a broad-based decline led by the energy sector, while U.S. markets also sank deep into the red.

Overall, the S&P/TSX composite index was down 248.01 points at 15,164.69.

Stocks in Canada were down across the board, while some of the biggest names in the marijuana business also extended recent losses.

Aurora Cannabis Inc., which debuted on the New York Stock Exchange, was down US$1.38 cents at US$7.31 on the U.S. market. Aurora shares were down C$1.90 at $9.52 on the Toronto Stock Exchange.

In New York, the Dow Jones industrial average was down 396.17 points at 24,921.24. The S&P 500 index was down 49.05 points at 2,706.83, while the Nasdaq composite was down 160.22 points at 7,308.41.

Pot stocks continued a six-day rout Tuesday amid Canadian supply shortages, creating a favourable environment for the next big investment in the space, according to one investor.

Aurora Cannabis Inc. fell as much as 15 per cent in its U.S. trading debut, Canopy Growth Corp. lost 12 per cent and Tilray Inc. tumbled as much as 18 per cent amid broader market weakness. This compounded a string of declines that began a week ago, one day before Canada legalized recreational marijuana on Oct. 17.

The cannabis industry is all about breaking down barriers and making history in 2018.

This year, we've witnessed GW Pharmaceuticals gain approval in the U.S. for the first cannabis-derived drug, and we watched as Vermont legalized recreational marijuana use entirely through the legislative process.

And we can't overlook what might be the biggest news event in the history of the weed industry: Canada's legalization of recreational marijuana last week.

On Monday, October 22, 2018, Canadian cannabis stocks saw a significant price pullback during a market correction best shown by the Horizons Marijuana ETF (TSX:HMMJ), which declined 11.5% , hitting its lowest point since late August. The correction does not appear to be news driven and instead was caused by investors viewing the stocks as overvalued and fearing that current bottlenecks in sales could impede next year’s high revenue estimates. Today, we have identified four Canadian marijuana stocks that were hit the hardest on Monday but trade at forward EV/Sales multiples below the peer average of 14.6x (2019) and 5.0x (2020).

Unless you've been living under a rock, you know that Canada made history last week when they legalized recreational cannabis on Wednesday. A bill was passed back in June that allows Canadians to spark up whenever they want but made them wait until October to do so. 

Canadians were quick to hop online and order from legal government-run websites to buy the first rounds of legal weed on October 17th. Yet multiple people are facing issues with getting their packages delivered only 5 days after legalization.  While the rules around legalization have already been confusing, new posts online are showing how frustrated Canadians really are with Canada Post now that deliveries are getting screwed up. 

It is official: recreational marijuana is legal in Canada with effect from October 17. With that comes a patchwork of jurisdictional laws establishing where and how marijuana products will be sold and used by consumers.