Why Canopy Growth Stock Is Glowing Green Today [Yahoo! Finance]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Yahoo! Finance
Shares of the Canadian cannabis company are up a solid 20% on positive momentum for the passage of a SAFER law that would give marijuana businesses access to loans and other banking services. As Marijuana Moment reports today, the National Conference of State Legislatures (NCSL) just sent a letter to Congress, urging passage of marijuana banking reform this year. Support for SAFER marijuana Current law discourages banks from extending loans to marijuana businesses or allowing them to open bank accounts. If passed, the Secure and Fair Enforcement Regulation (SAFER) Banking Act would change this. As the NCSL argues in its letter, "cannabis will remain illegal under the SAFER Banking Act." Passing SAFER doesn't "endorse" marijuana legalization. What the law would do, however, is permit banks "to provide services to [marijuana] businesses without penalty" in states where cannabis is legal, so sales won't need to operate on a "cash-only" basis. The legislators argue their main go
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CGC
News
- Why Canopy Growth, Tilray, and Cronos Group Stocks Just Cratered [Yahoo! Finance]Yahoo! Finance
- Canopy Growth Stock: Expect A Crash After The High [Seeking Alpha]Seeking Alpha
- Pot stocks soar on report DEA will ease restrictions on cannabis [Yahoo! Finance]Yahoo! Finance
- Cannabis Stocks Spike Following Reports Marijuana Will Be Reclassified As Less Dangerous Drug [Forbes]Forbes
- Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuana [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 4/30/24 - Form 424B3
- 4/30/24 - Form 424B3
- 4/30/24 - Form 8-K
- CGC's page on the SEC website