Reuters: "Cannabis shares rally as Canopy seeks to accelerate U.S. market entry"

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Reuters: "Cannabis shares rally as Canopy seeks to accelerate U.S. market entry"

Excerpt from Reuters quoting DataTrek’s Jessica Rabe:

…. “Gaining exposure to the U.S. market would be a plus for Canopy, but since public marijuana companies’ stocks are low-priced, “any move is amplified because markets expect little from these names,” Jessica Rabe, co-founder of DataTrek Research, said in an e-mail…

…Federal legalization of marijuana in the United States could still be “a long way off, especially if Republicans take back Congress in the upcoming mid-term elections,” she said, and cannabis companies need to navigate many U.S. state laws and regulations”….

Full article here on Reuters!