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Canopy Growth Corporation T.WEED

Alternate Symbol(s):  T.WEED.DB | T.WEED.W | T.WEED.W.A | CGC

Canopy Growth, headquartered in Smiths Falls, Canada, cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Tweed, Spectrum Therapeutics, and CraftGrow. Although it primarily operates in Canada, Canopy has distribution and production licenses in more than a dozen countries to drive expansion in global medical cannabis and also holds an option to acquire Acreage Holdings upon U.S. federal cannabis legalization.


Canopy Growth Corporation > NEW BILL INTRODUCED IN US

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June 24, 2022 - 10:35 AM
152 Reads
Post# 34780128

NEW BILL INTRODUCED IN US

A new bipartisan bill with similar aims as the SAFE Banking Act was filed this week by Democratic U.S. Rep. Troy Carter of Louisiana and Republican U.S. Rep. Guy Reschenthaler of Pennsylvania.

According to a news release, the two legislators have introduced the Capital Lending and Investment for Marijuana Businesses (CLIMB) Act of 2022.
The CLIMB Act would:
Guarantee that financial institutions working with marijuana companies would be protected from federal regulators.
Bolster business lending to state-legal marijuana businesses.
Protect federal agencies such as the Small Business Administration that could issue grants and loans to cannabis companies.
The CLIMB Act has already garnered endorsements from a number of MJ industry associations, including the National Cannabis Industry Association, National Cannabis Roundtable, American Trade Association for Cannabis and Hemp, Women Grow and Minorities 4 Medical Marijuana, among others.