Post by
geodcan on Nov 21, 2020 5:42pm
copy
Canopy is building a huge facility in NY for US expansion. Not sure who's name is going on that site but it is a strong show of confidence and definitely leaning towards State law protection. I'm beginning to feel like the triggering event they have talked about is going to go by the wayside and they will just rely on State protection. There is a lot of trading into Canadian licensed producers from US exchanges and also deals being made from lps to pick up assets in the US. It would be a lot easier for the US launch of their greenrush if they descheduled marijuana such that it is legal and that should allow conventional tools such as banking and brokering and fund investments to help rather than hinder the launch. It looks like a lot of potpreneurs aren't waiting and willing to take the risks such as the system is currently. There are some well established MSOs that have built viable high potential cannabinoid businesses legally while tiptoeing around the Fed legislation. It doesn't seem that the Feds have the motivation to rock the boat and if anybody is going to draw their fire, I'm guessing it would be Canopy Growth because of its Canadian roots. There are a ton of CGC shares traded on the old NYSE and it continues on the Nasdaq so that shows to me that Canopy is recognized as a safe bet and that thought is backed with some US dollars, despite the Fed laws overhanging. glta and dyodd
Comment by
NSPfacts on Nov 23, 2020 12:32am
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Comment by
NSPfacts on Nov 24, 2020 1:05am
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