British India Society

Cannabis Companies Prepare for Explosive Growth Following Federal US Legalization

Retrieved on: 
Thursday, August 5, 2021
Industry, Société québécoise du cannabis, Not, Capsule, Neptune Wellness Solutions, Removal of cannabis from Schedule I of the Controlled Substances Act, Timeline of cannabis laws in the United States, Toronto Stock Exchange, FNM, Article, Private Securities Litigation Reform Act, Review, OTC Markets Group, Securities Exchange Act of 1934, Security (finance), Chief executive officer, Solution, ANY, Marijuana Opportunity Reinvestment and Expungement Act, British India Society, Joint, Annual report, Sundial, More, Health Canada, Form 10-K, MSC, Acquisition, Nasdaq, Research, U.S. Securities and Exchange Commission, Forward-looking statement, Cannabis, Mood ring, Canopy Growth, Substance-related disorder, Securities Act of 1933, CSE, News, CGC, Tweed, Risk, Drug, Financial adviser

As both state and federal governments move closer to legalizing cannabis, companies within this sector are also laying the groundwork and pursuing initiatives to gather a market share within the cannabis industry.

Key Points: 
  • As both state and federal governments move closer to legalizing cannabis, companies within this sector are also laying the groundwork and pursuing initiatives to gather a market share within the cannabis industry.
  • The company also expects to take delivery orders from other companies later in the year after thoroughly testing its systems.
  • The company also anticipates that the continued state-to-state cannabis legalization will expand its market for the Affinity System.
  • This transaction sets Sundial as one of Canada's largest vertically integrated cannabis companies and gives the company a strategic entry into the cannabis retail sector.

Cannabis Companies Prepare for Explosive Growth Following Federal US Legalization

Retrieved on: 
Thursday, August 5, 2021
Industry, Société québécoise du cannabis, Not, Capsule, Neptune Wellness Solutions, Removal of cannabis from Schedule I of the Controlled Substances Act, Timeline of cannabis laws in the United States, Toronto Stock Exchange, FNM, Article, Private Securities Litigation Reform Act, Review, OTC Markets Group, Securities Exchange Act of 1934, Security (finance), Chief executive officer, Solution, ANY, Marijuana Opportunity Reinvestment and Expungement Act, British India Society, Joint, Annual report, Sundial, More, Health Canada, Form 10-K, MSC, Acquisition, Nasdaq, Research, U.S. Securities and Exchange Commission, Forward-looking statement, Cannabis, Mood ring, Canopy Growth, Substance-related disorder, Securities Act of 1933, CSE, News, CGC, Tweed, Risk, Drug, Financial adviser

NEW YORK, Aug. 5, 2021 /PRNewswire/ -- At least 18 states in America have legalized recreational marijuana and 37 have legalized different forms of medical marijuana thanks to the growing push for legalization at the state and federal levels. If passed, the Marijuana Opportunity Reinvestment and Expungement (MORE) Act would remove marijuana from the Controlled Substances Act where it is listed as a Schedule I drug. As both state and federal governments move closer to legalizing cannabis, companies within this sector are also laying the groundwork and pursuing initiatives to gather a market share within the cannabis industry. Sixth Wave Innovations Inc. (OTCQB:SIXWF) (CSE:SIXW), Neptune Wellness Solutions (NASDAQ:NEPT) (TSX:NEPT), Canopy Growth Corp (NASDAQ:CGC) (TSX:WEED), Sundial Growers Inc. (NASDAQ:SNDL), and GrowGeneration Corp (NASDAQ:GRWG) are among the companies capitalizing on the growing push for legalization and the increased demand for cannabis products.

Key Points: 
  • As both state and federal governments move closer to legalizing cannabis, companies within this sector are also laying the groundwork and pursuing initiatives to gather a market share within the cannabis industry.
  • The company also expects to take delivery orders from other companies later in the year after thoroughly testing its systems.
  • The company also anticipates that the continued state-to-state cannabis legalization will expand its market for the Affinity System.
  • This transaction sets Sundial as one of Canada's largest vertically integrated cannabis companies and gives the company a strategic entry into the cannabis retail sector.