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Bullboard - Stock Discussion Forum 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... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > It takes years to change laws and its already been 50yr
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Post by Magnitude on Mar 20, 2024 12:00pm

It takes years to change laws and its already been 50yr

The truth is the White House can't really just order rescheduling or descheduling to be done its the DEA with the final decision and even then it could take years its already been 50year for this law so how many times has this industry got its hopes up just to be let down? how many times in just a year? Theres no magic wand that will have this passed this year. Congress is having trouble just passing a budget


Timeline of Events: Tracing the Path Forward

While the exact timeline for the DEA's decision-making process remains fluid, several key events provide insights into the path forward:

  1. Petition Submission: Advocacy groups and stakeholders submit petitions urging the DEA to reevaluate marijuana's classification.

  2. Review and Analysis: The DEA conducts a comprehensive review of scientific literature, medical research, and public feedback to inform its decision-making.

  3. Consultation and Expert Input: The agency solicits input from medical professionals, researchers, and other experts to assess the potential benefits and risks of marijuana rescheduling.

  4. Public Comment Period: A period for public comments allows individuals and organizations to contribute their perspectives and insights on the issue.

  5. Deliberation and Decision: Following thorough analysis and consideration of all pertinent factors, the DEA announces its decision regarding marijuana rescheduling.

    Breaking Down the Timeline for DEA's Decision on Marijuana Rescheduling - Blog (floraflex.com)

Comment by quinlash on Mar 20, 2024 12:32pm
I am taking into account the 88% of US States that already legalized to one degree or another.  I believe we have 3 more states with pending votes to also legalize.  Eventually we will see virtually all 50 states with legal Cannabis. What will the US Federal Government do then?  I see them as having little to no choice but to legalize Cannabis on the Federal Level -> Majority ...more  
Comment by monte8 on Mar 20, 2024 2:03pm
Quinlash to your post, there is a video I had noticed on youtube with Vice President Kamala Harris holding roundtable conversation about marijuana reform.  See: https://www.youtube.com/watch?v=-g6f3qf7H3o First steps to re-categorizing and decriminalizing marijuana.
Comment by quinlash on Mar 20, 2024 2:27pm
Thanks for sharing. I am expecting there will be more content coming out on all this. I routinely search YouTube on anything cannabis related as well as any interviews done by the CEO
Comment by Coloradobuff on Mar 20, 2024 6:11pm
Great points  I would add they should save money as well in prisons, drug enforcement and policing. 
Comment by quinlash on Mar 20, 2024 6:48pm
Yes, true, the list of benefits to Americans is long.  The tax money for government is a big one and so is job creation. Every dollar in sales tax (in theory) is a dollar Americans do not need to pay in other taxes
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