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A report published by New Frontier Data claims the demand for cannabis in Africa reaches $37.3 billion, which has already caught the attention of licensed producers in Canada.

The B.C.-based company recently announced it will team up with Arkansas Valley Hemp, LLC and initial production is expected to be on 120 acres in 2019, with a possibility of that reaching 500 acres by next year.

But the Edmonton-based licensed cannabis retailer saw a net loss of $38 million on the year due to expansion of stores in Ontario and Saskatchewan.

Fizz Tabs, which are dissolvable and hemp-infused, give consumers an innovative way to add the touted wellness extract into drinks.

The passed bill awaits governor approval and will broaden the range of health conditions medical cannabis can treat currently covered by state law.

With a relatively smaller market cap of US$250 million, and the large-scale plans to compete with the bigger Canadian LPs, Zenabis Global could be a stock to watch when it graduates up to the Toronto Stock Exchange May 27.

Advancing study into the substance is “something that wouldn't be possible in the prohibition era,” said Rebecca Haines-Saah of the University of Calgary.

Only one year ago the 10 largest publicly-traded cannabis companies in the world were all Canadian. Today, that number has dropped to four, with six American firms climbing into the top-10.

Vancouver-based pot company Invictus is banking on music icon's star power to boost coming CBD-infused beverage line.

Privatization allows companies to take on the risk leaving the government on the sidelines to collect taxes and add oversight.

Adding The Healing Corner, Inc. expands the Florida-based company's medical marijuana footprint.

EZ Lifestyle, a company that focuses on health trends, surveyed 1,000 millenials to find the number one trend for weddings in 2019 is CBD oil.

The state known for its Rocky Mountains continues to set new heights with a record US$142 million in legal pot sales in March.

With a population of fewer than 600,000 people, adding Luxembourg only amounts to adding another tally to the list of countries Aurora has a presence in.

Despite encouraging results, researchers warned parents should wait for more data before they treat their children with autism.

The Moncton-based pot company will construct a technology, labeling and shipping system to produce up to four million kilograms of "exceptional chocolate cannabis edibles" annually.

Origin House chief executive officer Marc Lustig didn't hold back criticism on Canadian pot companies saying "the valuations for some companies right now are insane."

Although the bill hasn't been introduced yet, it would tax, regulate, create recreational use licenses and regulate hemp and CBD products, while expanding medical marijuana use.

The Canadian hemp industry is calling on the federal government to remove restrictions that treat CBD like a drug in order to free up the market and grow hemp sales to $1 billion by 2023.

Illinois lawmakers have drafted a bill that would see recreational marijuana legalized in the state as early as 2020.

The deal between Canopy Growth Corp (NYSE:CGC) (TSX:WEED) and Acreage Holdings, Inc. (CSE:ACRG.U) is contingent on the U.S. making cannabis legally federally. However, the deal could be dead in the water long before that happens.

Short supply, low quality, high prices, and long line ups at stores have plagued the legal market pushing almost 80 per cent of cannabis purchases to stay in the black market, according to data collected by Statistics Canada for the last quarter of 2018.