Canadian cannabis giant bets on US legalization


(MENAFN – Asia Times) Marijuana is still illegal under federal law in the United States, but that is not stopping Canada’s Canopy Growth from striking a US$3.4 billion deal to tap its southern neighbor’s potential market. Canopy, the world’s largest cannabis company in terms of market valuation, announced that it has acquired the rights to purchase Acreage Holdings for the hefty price when the substance finally does become legal.

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