The Ontario government is setting a framework for recreational cannabis retailing that emphasizes widespread competition and deals a blow to licensed marijuana producers by limiting their share of the market.

Finance Minister Vic Fedeli and Attorney-General Caroline Mulroney said on Wednesday during a joint news conference that there will be an unlimited number of stores that can sell recreational cannabis in Ontario, but that they will drastically limit licensed growers to just one store each at an Ontario production site. The proposed legislation, which will be introduced on Thursday, also leaves the door open for the province to restrict how many licences a single entity could hold, but no number has been set.

No space has been hotter this past month than the marijuana sector, with pot stocks continuing to race up (and sometimes down) the charts in the lead-up to recreational cannabis becoming a reality across Canada.

And if you’ve been lucky enough to have placed some winning bets on stocks like Canopy Growth and Aurora Cannabis, now might be a good time to cash in your chips before the bubble bursts, says Lester Asset Management CEO Stephen Takacsy.

“The sector is so overvalued right now, it’s undescribable,” Takacsy told BNN Bloomberg . “You can’t justify these market valuations based on never mind today’s results but even forward results two, three, four, five, ten years down the road. There will be a lot of casualties.”

With the legalization of recreational marijuana fast approaching, Canadian universities and colleges are working hard to lay out their campus policies for cannabis use.

While many institutions are still finalizing the details, many plans are ready to go.

These are the policies currently laid out across Canada.

Smoke-free campuses

Memorial University of Newfoundland - St. John's

Memorial University has been smoke-free since 2013. This policy includes cannabis.

"Edibles have not been legalized under the current ... legislation and violations would continue to be addressed through law enforcement as they have been in the past," university spokesperson Dave Sorensen said in an email to HuffPost Canada.

Even in America’s reddest states, favorable conditions for medical marijuana stocks could emerge soon. A permissive medical marijuana law received voter approval in Oklahoma earlier this year. Also, Republicans in Texas recently approved medical marijuana in their party platform. Cannabis’ days as a Schedule I drug are likely numbered. When this status changes, investing in medically-related marijuana stocks could reach a fever pitch in the fourth quarter and beyond.

When Canadian cannabis company Tilray Inc., announced last week it had received permission from the United States Drug Enforcement Agency to export cannabis to California for a medical study, it’s stock price started rising so quickly that trading was halted multiple times.

Tilray is one of the few cannabis companies publicly traded on the US Stock Exchange and it’s extremely difficult to legally bring cannabis into the United States, so the announcement set off a buying frenzy.

“This sounds like a big number,” Canopy Growth CEO Bruce Linton told shareholders, “but we already know how to spend it and are figuring out priorities.”

Constellation Brands, a U.S. beer, wine and liquor company, will now be able to bump up its ownership stake in Canopy from 8.5 per cent to 38 per cent. It also has the right to increase its equity position to 55 per cent.

It’s a potentially transformative deal both for Canopy and the marijuana products industry it is seeking to dominate — something that was reflected in the stock market bubble that popped up when Constellation Brands announced its investment on Aug. 15.

Small children will experience a cannabis high far more than you do. If you suspect your kid has eaten weed, call someone immediately. Difficulty breathing or unconsciousness warrants 9-1-1, but otherwise call Poison Control. “You should call as soon as possible rather than waiting to see if the child becomes symptomatic,” says Debra Kent, clinical supervisor at the B.C. Drug and Poison Information Centre. If they do have any symptoms at all, you’re likely looking at a night of observation in the ER.

There are plenty of ways to make money from the marijuana boom. Tilray (NASDAQ:TLRY), for example, focuses primarily on producing marijuana for medical cannabis markets across the world and the soon-to-open recreational marijuana market in Canada. MedMen Enterprises (NASDAQOTH:MMNFF)specializes in the retail side of the marijuana industry as well as cannabis cultivation.

The legalized cannabis market in Canada could hasten western adoption of plant-based medicines, opening up new frontiers in health care, advocates say.

“I feel that cannabis is the first step toward a lot of our issues in health care and mental health,” said Salimeh Tabrizi, clinical counsellor and organizer and founder of the 2018 Cannabis Hemp Conference and Expo. “With the public perspective changing, there is a lot more room for other plant and fungi medicine coming through.”