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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Comment by Homestretch4meon Oct 12, 2021 12:50pm
239 Views
Post# 33997736

RE:Cannabis SAFE Banking - In Senate

RE:Cannabis SAFE Banking - In SenateBump
quinlash wrote:
Sept 17th, 2021
 
House Advances SAFE Banking Act as Part of the Must-Pass NDAA
 
Washington, DC: The NDAA funding package passed by the US House of Representatives includes the provisions of the Secure and Fair Enforcement (SAFE) Banking Act, which allows state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions. The language was offered as an amendment to the bill by Representatives Ed Perlmutter (D), Earl Blumenauer (D), Barbara Lee (D), Nydia Velazquez (D), David Joyce (R), and Steve Stivers (R). 
 
This vote marks the fifth time that House members have advanced SAFE Banking legislation in recent years. House members last approved the measure in April as a stand-alone bill by a vote of 321 to 101. At that time, all Democrats and just over half of Republicans in the House voted for the bill. 
 
“Enactment of the SAFE Banking Act would improve public safety and business efficiency in the 36 states that currently permit some form of retail marijuana sales,” said NORML Political Director Justin Strekal, “The Senate should ensure this provision remains in the final version of this funding package and approve it swiftly.”
 
Strekal added: “The SAFE Banking Act is only the first step toward making sure that state-legal marijuana markets operate safely and efficiently. The sad reality is that those who own or patronize these currently unbanked businesses would still be recognized as criminals in the eyes of the federal government and by federal law. This situation can only be rectified by removing marijuana from the list of controlled substances.”
 
Currently, thousands of state-licensed cannabis businesses are unable to partner with the banking industry due to federal restrictions. They are unable to accept credit cards, deposit revenues, access loans, or write checks to meet payroll or pay taxes. This situation is untenable. No industry can operate safely, transparently, or effectively without access to banks or other financial institutions. Congress must move to change federal policy so that this growing number of state-compliant businesses, and their consumers, may operate in a manner that is similar to other legal commercial entities.
 
For these reasons, NORML has long advocated that federal lawmakers vote “Yes” on The SAFE Banking Act.
 
The NDAA now advances to the Senate for consideration. 
 
In an exchange on Tuesday with Politico reporter Natalie Fertig, Republican Senate co-lead of the SAFE Banking Act Senator Kevin Cramer said “(I)f it’s a vehicle that can carry it, I think it’d be fine. … Any vehicle’s good that gets it to pass it.”
 
 
Link to Full Article 
https://norml.org/blog/2021/09/23/house-advances-safe-banking-act-as-part-of-the-must-pass-ndaa/


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