Has Canopy Growth Finally Found a Way to Enter the U.S. Pot Market?
Entering the U.S. market is a core part of Canadian pot producer Canopy Growth's (NASDAQ: CGC) overall strategy. It's been four years since the company first announced plans to acquire multi-state marijuana operator (MSO) Acreage Holdings. Since then, it has pursued even more U.S.-based businesses, including Wana Brands and Jetty Extracts.
Last year, the company also announced plans to launch Canopy USA, an entity that will potentially hold its interests in U.S. companies. While the Nasdaq (NASDAQ: NDAQ) objected to the approach, Canopy recently restructured that arrangement in a way that management believes will allow Canopy USA to exist without upsetting regulators.
Has Canopy Growth found a way to enter the U.S. pot market?
Source Fool.com
