, a modest cannabis reform bill, for the second time in as many years. But the legislation is unlikely to be introduced in the Senate, according to a top Wall Street analyst.
Big Canadian companies listed on major stock exchanges like Canopy Growth, Aurora, Tilray, and Aphria, are all preparing to enter the US market as soon as they can,"All eyes are on the US market," David Culver, Canopy Growth's Washington DC-based VP of government relations told Insider in an interview."That's the prize."
Schumer said that he, along with fellow Democratic Sens. Cory Booker and Ron Wyden, expect to introduce the cannabis bill soon, though he has not yet given a specific timeline. Kicking the issue of legalization — and commercialization — to the states, with no explicit mandate to legalize but incentives around social equity including criminal-record expungement and preferential access to licenses for minority groups.If passed, major stock exchanges like the TSX, NYSE, and Nasdaq would likely allow listed cannabis companies like Tilray and Canopy Growth to operate in the US, or even buy stakes in US multistate operators outright.
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