Canopy Growth Corp. Chief Executive Officer David Klein said he expects the cannabis giant to be operating in the United States in about a year amid hopes that a Democrat-controlled Congress will pass legislation that would effectively legalize cannabis federally.
"What we really need is some combination of SAFE Banking, a revised Cole memorandum, and a reclassification by the executive branch, all of which… probably happens in the next six-to-eight months anyway," Klein said in an interview. "We're pretty confident we'll be operating in the U.S. a year from now. So, we feel pretty good about that."
On Tuesday, Georgia voters added two more Democrats to the Senate in a special runoff election, meaning its composition is now an even 50-50 split between the two major U.S. parties. However, incoming vice-president Kamala Harris would cast potential tiebreaking votes, giving the Democrats control of the legislative body, in addition to the House of Representatives and the White House.
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