• Business Directory
    • Business Categories
    • Pricing
    • Submit Listing
  • Analysis
  • Cannabis Industry
  • Health & Care
  • News
  • Opinion
  • Quotes
Excessively

Cannabis Legalization, Made Excessively Simpler

Excessively
  • Business Directory
    • Business Categories
    • Pricing
    • Submit Listing
  • Analysis
  • Cannabis Industry
  • Health & Care
  • News
  • Opinion
  • Quotes
  • Cannabis Industry
  • News

Alcohol Industry Player Could Could Own Major Stake in Canna Company WHEN Prohibition Ends

  • Posted on April 29, 2019April 28, 2019
  • Khara Krawczyk
Total
1
Shares
0
0
1

End of federal cannabis prohibition could be near. Cannabis advocates and activists have shed blood, sweat, and tears while helping laws get passed to legalize this plant. States have adopted legal cannabis laws, but the federal government still hasn’t changed their stance. Cannabis has been illegal in the United States since 1937. California had access to medical cannabis in the 1990s, but retail or recreational access did not become legal until Colorado stepped up 2012. Even after they legalized it, it was two years before people could purchase cannabis from a dispensary legally. Dispensaries opened their doors in January of 2014. This is all great, but what is the sign pointing towards the federal government potentially ending cannabis prohibition?

Canopy Acquires Acreage Holdings

Canopy Growth is a leading cannabis producer in Canada. They have seen substantial success and are by the looks of it setting themselves up to have even more. Canopy Growth is reserving their place in the U.S. cannabis sector. They are doing so by acquiring Acreage Holdings. Media reports say this was a $3.4 billion deal. Bruce Linton, co-CEO of Canopy, stated the following in the recent press release;

“Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists. By combining Acreage’s management team, licenses and assets with Canopy Growth’s intellectual property and brands, there will be tremendous value creation for both companies’ shareholders.”

Dig Another Layer Deeper

Big businesses are lining up to enter into the cannabis sector very quietly. It’s almost like they know something others don’t. Constellation Brands has a 37% stake of equity in Canopy Growth. If you’re not familiar with Constellation Brands, they are a popular producer of alcoholic beverages such as Modelo and Corona. So to recap… Constellation Brands owns a 30% stake in Canopy Growth and Canopy Growth will assume the Acreage properties WHEN the federal prohibition ends. Ok, so one of the world’s largest alcoholic beverage companies is going to have a 30 % stake in what could be one of the largest cannabis companies in the US cannabis market as soon as prohibition ends. Well that just makes perfect sense doesn’t it?

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Khara Krawczyk

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

52 Likes
9K Followers
454 Followers
6 Subscribers
0
Cornerstone Content
  • Book History of Weed
  • Quotes Best Weed Quotes
  • Bank Cannabis Banking Resources
  • Top smokers Top Smokers Changed World
Featured Posts
  • 1
    Glossary of Marijuana Terms and Terminology
    • Posted on April 24, 2019
  • 2
    50 of the Best Weed Quotes and Sayings
    • Posted on December 17, 2018October 3, 2020
  • 3
    Massachusetts Opens Doors to Dispensaries on the East Coast
    • Posted on November 30, 2018December 30, 2018
  • 4
    Real Stories of Utilizing Medical Cannabis While Pregnant and Breastfeeding
    • Posted on November 18, 2018December 20, 2018
  • 5
    The Wild West: Canada’s Legalization of Marijuana
    • Posted on November 9, 2018December 20, 2018
Recent Posts
  • Setting Up a Grow Environment: Which Lights Should You Pick?
  • Sushi & Doobie Rolling Workshop – Yes, That’s a Thing.
  • How One Online Cannabis Dispensary Is Changing Weed Delivery In Los Angeles
  • Cannabis Strains for Anxiety and Depression
  • Viagra Co-Creator is Developing a Cannabis Gel for Women
Recent Comments
  • Cyborg on Africa Host’s It’s First Cannabis Fair
  • Alcohol Industry Player Could Could Own Major Stake in Canna Company WHEN Prohibition Ends - Excessively on Houseplant – A Seth Rogen and Canopy Growth Collaboration
  • Cannabis and Depression – The Stats and The Strains That May Help - Excessively on Adolescent Cannabis Consumption and Adult Mental Health
  • Dee Worth on Real Stories of Utilizing Medical Cannabis While Pregnant and Breastfeeding
  • TB on Cannabis Cafes are Coming to the USA
Archives
  • November 2021
  • February 2020
  • January 2020
  • June 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
Categories
  • Analysis
  • Books
  • Business
  • Canada
  • Cannabis Industry
  • Education
  • Facts
  • General
  • Guides
  • Health & Care
  • History
  • Infographic
  • List
  • News
  • Opinion
  • Politics
  • Products
  • Quotes
  • Science & Tech
  • Strains
Meta
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
about
We’re here to help spread the word about cannabis industry and provide you with up-to-date cannabis news from across the country and around the world.
Read More
Important Links
  • About Us
  • Meet The Team
  • Contact
Important Links
  • Become A Guest Contributor
  • Advertising and Sponsorship
  • Disclaimer

Business Categories

Getting Started

  • Cannabis Investors
  • Cannabis Business Lawyers
  • Consulting Firms
  • Banking & Payment Processing
  • Working Capital Loans
  • Real Estate
  • Accounting Services

Production

  • Grow Lights
  • Soil & Nutrients
  • Cultivation Equipment
  • Extraction Equipment
  • Distillation Equipment
  • Greenhouse & Light-Dep
  • Seed Banks

Marketing

  • Website Development
  • SEO & Social Media
  • Advertising Agencies
  • Publications
  • Public Relations
  • Photo + Video

Operations

  • Security & Transportation
  • Staffing & Recruiting
  • Testing & Compliance
  • Business Software
  • Packaging Solutions
  • Cannabis Business Insurance

Networking

  • Events & Conferences
  • Trade Associations
  • Political Organizations
  • Training & Education
  • Tourism & Travel
  • Social Networks & Job Boards

Patient Focus

  • Vaporizer Brands
  • Hemp & CBD Products
  • Online Headshops
  • Gear & Storage
  • Apparel & Lifestyle Brands
  • Medical Services & Resources

Input your search keywords and press Enter.