03:46:45 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Canopy Growth Corp
Symbol WEED
Shares Issued 479,978,742
Close 2022-09-26 C$ 3.77
Market Cap C$ 1,809,519,857
Recent Sedar Documents

FP says Canopy, rivals hear Cannabis Act to be reviewed

2022-09-27 09:22 ET - In the News

Also In the News (C-ACB) Aurora Cannabis Inc (2)
Also In the News (C-OGI) Organigram Holdings Inc
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The Financial Post reports in its Tuesday, Sept. 27, edition that last week Ottawa announced that the Cannabis Act, passed in 2018, will finally get its long-overdue mandatory review, which was supposed to take place in October, 2021. The Post's guest columnist David Clement writes that regulators will have to answer some tough questions regarding Canada's legalization experiment. As Liberal MP Nathanial Erskine-Smith conceded, "We didn't get it perfect, or exactly right the first time, and this is an opportunity to make sure we get it right going forward." One of the core priorities of the expert panel reviewing the act is better understanding how the legal market can stamp out the illegal market, which is still prominent. According to the Ontario Cannabis Store's own report, the legal market has made significant gains since 2018 but still only accounts for 59 per cent of all cannabis consumed. So what can be changed in the Cannabis Act to target the 41 per cent of cannabis that continues to be supplied by the illicit market? CBD products should be removed from the Cannabis Act altogether. Any CBD product with a THC concentration of less than 0.3 per cent should be exempted from the Cannabis Act.

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