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5 Canadian Cannabis Companies That Are Positioned To Capitalize On Cannabis Reform In The US

After New York passed legislation to legalize recreational cannabis, we believe the government will prioritize legalization or decriminalization at the Federal level. 

New York is the 15th state to legalize recreational cannabis and we are bullish on the trend that we are seeing at the state level. From Virginia to South Dakota, several conservative markets have jumped on the legal recreational cannabis bandwagon and this is a trend that we find to be significant. 


Canadian cannabis companies cheer SAFE Banking Act reintroduction in U.S. House

Canadian cannabis companies are cheering the reintroduction of the SAFE Banking Act to the U.S. House of Representatives today.

The act proposes offering safe harbour to financial institutions like banks and insurance companies, who provide services to cannabis businesses and has long been seen as helpful for Canadian pot companies looking to expand to the U.S.

The National Cannabis Industry Association says the bill was previously approved by the house in a 321-103 vote in September 2019 and then headed to the senate, but didn't move forward and had to be tabled again because of the COVID-19 pandemic.


Separate shipments lead to the same result: Irish authorities intercept weed from U.S., Canada, Spain and the U.K.

Irish Revenue officials have once again intercepted packages containing cannabis from the U.S., Canada, the U.K. and Spain thanks to the Baileys, two drug-detecting dogs whose sole mission is to sniff out contraband.

In all, packages received at both the Dublin and Athlone mail centres contained 141,000 euros (just shy of $213,000) in illicit weed.


This Canadian Pot Stock Is Copying Canopy Growth's U.S. Moves

When Canopy Growth (NASDAQ:CGC) announced plans to acquire Acreage Holdings in 2019, it was an innovative and unique way for the company to position itself for growth in the U.S. market ahead of legalization. Even though the deal still can't be completed due to the federal ban on marijuana in the U.S., it is a way for Canopy Growth to demonstrate to investors how it plans to succeed and grow when pot becomes legal.


Canadian pot retailers eye U.S. expansion ahead of legalization efforts

Canadian retailers are making their presence known south of the border, seeking additional growth while attempting to establish a foothold ahead of U.S. legalization plans. 

Fire & Flower Holdings Inc., High Tide Inc., and Canopy Growth Corp.'s Tweed have begun wading into the U.S. cannabis market in recent weeks, taking similar cues from pot producers who have also entered the U.S. despite regulations that prevent Canadian-listed companies from fully operating in the space. 

"The companies are using Canada as their testing ground to get to the real prize, which is ultimately the U.S.," said ATB Capital Markets Analyst David Kideckel, in an interview. 


Edibles Outperform Cannabis Industry Growth in 2020

The COVID-19 pandemic has caught the world completely off guard. It changed the way everything works, and it made a significant impact on most industries all over the globe. The cannabis industry also saw some massive changes due to its impact.


U.S. cannabis firm Verano goes public in Canada to aid growth

U.S. cannabis firm Verano goes public in Canada to aid growth

Cannabis retailer Verano CEO: We have always made money

Cannabis operator Verano Holdings Corp. is poised to go public as a growing number of companies seek financing and weigh deals to capitalize on the sector’s rapid growth.

The Chicago-based company is scheduled to begin trading Wednesday on the Canadian Securities Exchange following a reverse merger with Alberta-based Majesta Minerals Inc. Some U.S. firms have tapped the Canadian markets as legal restrictions prevent cannabis companies from trading on domestic exchanges.


Will Cannabis Legalization Lower its Price?

One of the most common questions cannabis consumers ask one another is how much cannabis costs in their part of the world.

It’s always fun to compare cost, quality, and quantity.

One thing many cannabis consumers across the globe will be quick to point out is that cannabis is not cheap. 

For the lucky folks who live in a part of the world where cannabis is decent quality and cheap, congratulations.

But for the rest of us, high-quality cannabis is usually fairly expensive.


Canopy Growth CEO Says It Will Directly Enter U.S. Market Within a Year

Canadian marijuana company Canopy Growth (NASDAQ:CGC) will be directly active in the U.S. market inside of a year. That's according to CEO David Klein, who is banking on the environment for cannabis businesses in the U.S. to improve markedly in the proximate future.

"What we really need is some combination of SAFE Banking, a revised Cole memorandum, and a reclassification by the executive branch, all of which ... probably happens in the next six to eight months anyway," he said in an interview Friday with Canadian business news organization BNN Bloomberg.


Markets react to prospect of 'blue wave' in Georgia Senate vote

Investors digested the somewhat unexpected win of two Georgia Senate seats by the Democrats on Wednesday, completing an apparent so-called blue wave that could have major consequences on the stock market.

Democrat Raphael Warnock beat incumbent Republican Kelly Loeffler in one of Georgia's two Senate run-offs, and Democrat Jon Ossoff was leading incumbent David Perdue in the other.


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