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News analysis

Canopy Growth sets up strong US arm, ready for federal cannabis legalisation

Written by || 6th December 2022 || News analysis | GeographiesCanada North America United States

Ontario-based cannabis firm Canopy Growth has created a US-domiciled holding company to fast-track its expansion into “the world’s fastest-growing cannabis market”.

Canopy USA will hold Canopy’s existing US cannabis investments with an exchangeable share structure. The firm has described this as a “stepping stone” to completing ownership and control of its US portfolio of THC-based assets once legalisation occurs at a federal level.

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Lorraine Mullaney

Senior writer
Lorraine is responsible for writing news analysis and assisting with copy-editing. Lorraine is a copywriter and editor who has written and edited words for a wide range of audiences, from local community newspapers to consumer magazines and trade websites.

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