There are three possible meanings:
1. To give something time <association, sundial>
2. To let something grow <association, tree>
3. To end something <association, game>
I found the following two examples for sense 3. Nothing yet for senses 1. and 2.
During any project there comes a time to draw a line in the sand and put a stick in the ground and say, 'This is it. We're ready,'... Source "They've got to put a stick in the ground and say they're not going to be all things to all people,"... Source
Hope that helps, at least in some small way.
All the best.
