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AYR is the first recreational cannabis-focused company with an enterprise value over a billion dollars to list on NEO.

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.

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.

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.

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

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.

CBD-based drinks have experienced a surge in popularity over the last year, and are expected to exceed $1.4 billion in the U.S. in 2023, according to Zenith Global.

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.

Former Medmen CFO James Parker has made further allegations that not only is he owed a lot of money from MedMen but that the Company was also very aggressive in trying to drive up the price of its shares for the benefit of CEO Adam Bierman and other high-ranking executives.

Las Vegas passes law to allow cannabis use inside lounges dedicated to smoking cannabis.

Acreage Holdings Inc (CSE:ACRG.U) knows that its deal with Canopy Growth Corp (NYSE:CGC)(TSX:WEED) is complicated. That's why a FAQ section has been made available on its investor relations website to help investors understand more about the transaction.

Massachusetts opened its doors to recreational marijuana back in November and we learned this week that it has now reached more than $100 million in sales according to the Cannabis Control Commission.

Planet 13 Holdings Inc. (CSE:PLTH) released its year-end results on Tuesday and it also provided an update on the performance of its SuperStore.

Curaleaf Holdings, Inc. (CSE:CURA)(OTCQS:CURLF) acquires Cura Partners, Inc. for CAD $1.27 billion in what's the biggest deal in the U.S. thus far involving cannabis.

Charlotte's Web Holdings, Inc. (CSE:CWEB) has brought on Adrienne Elsner as new the CEO to help ramp up its growth across the U.S.

Origin House Records Big $6.2 Million Loss Despite Impressive Sales Growth of Over 630%

Columbia Care Inc. (NEO:CCHW) launched on the NEO exchange, becoming the first cannabis company to list on the exchange with a market capitalization of more than a billion dollars.

Pot stocks are still in their early growth stages. And while sales are high, so too are expenses, which is not a good recipe for financial statements. Many companies are bleeding cash and are nowhere near profitability. However, that hasn't stopped the hype from carrying stocks to sky-high valuations and investors from getting into a frenzy about the growth prospects for the industry.

OrganiGram Holdings Inc (TSX-V:OGI) announced that it has completed an application to have its shares traded on the NASDAQ.

We take a look at some of the cannabis companies redefining North America's cannabis retail experience.

The drama between Green Growth Brands Ltd (CSE:GGB) and Aphria Inc (NYSE:APHA)(TSX:APHA) has dragged on for far too long.

Acreage Holdings Inc. (CSE:ACRG.U) is already benefiting from a deal that hasn't even gone through. Recently, we learned that Canopy Growth Corp (NYSE:CGC)(TSX:WEED) was going to acquire Acreage but that the purchase would be contingent on marijuana first being legalized federally in the U.S. While that seems like a long ways away, that doesn't mean it hasn't been yielding results for Acreage already.

Planet 13 Holdings Inc. (CSE:PLTH) has already been doing amazing since November when it launched its SuperStore location in Las Vegas. Sales have been rising each month and recently The Company even brought on Mike Tyson into the mix, selling products from his ranch on store shelves. This past weekend, on April 20, The Company announced it had its best day ever since opening the store.

Cannabis investors have yet another option for a marijuana ETF. AdvisorShares Pure Cannabis ETF (NYSE Arca:YOLO) is actively managed and contains a mix of both U.S. and Canadian stocks. The ETF began trading last week on the NYSE Arca Exchange and as of yesterday held 23 different stocks.

Let's look at who the top five cannabis companies in terms of sales, and then relate that to their market caps to see which ones are more reasonably priced.

Cannabis-infused beverages are a lot of the hype this year. As more States legalize edibles and Canada set to allow them later this year, it's a segment of the industry that's going to take off - soon. According to Zenith Global, cannabis drinks reached $86 million in sales in 2018 for the U.S. market. However, by 2023, it estimates that number will jump to $1.4 billion.