22:13:32 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Canopy Growth Corp
Symbol WEED
Shares Issued 479,662,424
Close 2022-08-04 C$ 3.69
Market Cap C$ 1,769,954,345
Recent Sedar Documents

NP says Canopy, rivals hear pot study about a year late

2022-08-04 07:35 ET - In the News

Also In the News (C-ACB) Aurora Cannabis Inc (2)
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The National Post reports in its Thursday edition that with the federal government almost one year late in launching a legally required review of the Cannabis Act, Canada's legal weed industry says regulatory changes are desperately needed to stay ahead of the country's still-thriving black market. The Post's Bryan Passifiume writes that enshrined within the Cannabis Act are rules requiring the health minister to engage in a full review three years after legalization, focusing on issues related to young people, indigenous communities and allowing cultivation in private homes. That review should have commenced Oct. 17, 2021, but as of August, 2022, there has been no indication from Health Canada when the process may begin. Cannabis Council of Canada president George Smitherman concedes delays were understandable, but enough time has passed. He says government "excuses pretty much have evaporated now." The Post says Health Canada did not respond to requests for comment. One pot retailer says, "They need to reduce excise tax significantly, or even get rid of it altogether until the industry can get their feet under it." Another retailer says he would like to see the 10 mg THC limit on edibles increased.

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