Canopy Growth Corp T.WEED

HHS Reschedule vs Deschedule of Cannabis in the US

[davgro]

Investors in US MSOs and Canadian LPs should be thrilled with today's HHS recommendation to reschedule cannabis as a Schedule III drug under the Federal Controlled Substance Act.  Some have said that the HHS and FDA didn't go far enough and should have descheduled cannabis.  A former deputy commissioner for global regulatory operations and policy at the FDA when asked about this stated today:

"“Descheduling would mean that HHS and FDA would be deciding there was no abuse potential, which would be a very big step for HHS and FDA to take and one that also would have ramifications for its general controlled substance program, Then, in terms of choosing Schedule III, that’s not surprising either, given that Schedule III is not that big of a leap for the agencies to take under the current law, and I think it’s quite supportable under the law and regulations as they exist."

Rescheduling marijuana to Schedule III potentially opens up more avenues for research, allowing cannabis businesses to bank more freely and openly, and have firms no longer subject to 280E, a 40-year-old IRS tax code that disallows credits and deductions from income generated by sales of Schedule I and II substances.

Descheduling cannabis altogether would ultimately make it legal on the federal level, but that would require much more than an HHS recommendation.  If HHS simply descheduled it right now, there’d be no regulatory system for it. There’d be no rules around how legal cannabis would be taxed, packaged, labeled, advertised and marketed.  This would require US congressional action on it.

[quinlash]

This may be exactly what was needed to kick off the next major cannabis market rally !! GL to all of the Longs ! Q

[Oldweed]

Yesterday was the last loose end to tie up in Canada (Serre Vert). So we no own premium supply across Canada, NHL/Bio, Martha/CBD, Wanna, Storks, MSO/ACRG, distribution everywhere with no retail overhead, 280e gone, banks open for business, STZ backing all the way and soon CUSA.....the sleeper has woken, the train has left the station!

[geodcan]

Not really looking like a company that is throwing in the towel with the latest purchase of the Quebec grow. Must be better than the ones we shut down.0 My gut tells me that Canopy can snap back with a vengeance as shorts cover and we have the hint of promise of some forward movement for the US potpreneurs. Now, we need to drop this insanity of doing a rollback which will help to alleviate the

[geodcan]

For a company that is leaning and meaning out their operations to stop the financial drain, it could be confused with them shutting down altogether. And yet they are still locking up brands and companies with purchases, shares, loans and such for the benefit of..........................somebody, but this is also a very mixed signal to existing shareholders of Canopy and Acreage. One minute it

[Pedal2themetal7]

As I said in a previous posts, I believe they can easily reach the $1.00 and be in compliance, now let's see what follows the September 25th meeting. It could grow organically and build a solid foundation but we're talking about Canopy and if they go ahead with a reverse I strongly believe it will slow down their growth. Lets see how they navigate the next 12 months!!! IMHO