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5 Canadian Cannabis Companies That Are Positioned To Capitalize On Cannabis Reform In The US

Apr 12, 2021 • 6:42 AM EDT
2 MIN READ  •  By Michael Berger
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After New York passed legislation to legalize recreational cannabis, we believe the government will prioritize legalization or decriminalization at the Federal level. 

New York is the 15th state to legalize recreational cannabis and we are bullish on the trend that we are seeing at the state level. From Virginia to South Dakota, several conservative markets have jumped on the legal recreational cannabis bandwagon and this is a trend that we find to be significant. 

Following New York’s move to legalize recreational cannabis, Senate Majority Leader Chuck Schumer said that a bill to federally legalize cannabis will be introduced imminently in the Senate. If his statement comes to fruition, we expect to see a substantial increase in interest in the US cannabis market and this is a trend that our readers should be aware of. 

Senate Majority Leader Chuck Schumer has teamed up with Senate Finance Committee Chairman Ron Wyden (Democrat from Oregon) and Senator Cory Booker (Democrat from New Jersey) to craft legislation to end federal cannabis prohibition. We are favorable on the potential for the trio to craft legislation that does not receive much pushback from republicans and will monitor how the process advances. 

During the last few years, Democrats have failed to pass legislation to decriminalize cannabis. Now that Democrats have control of both the House of Representatives and the Senate, we believe the chances of legislation passing is much higher and will be monitoring how the legislation is crafted.  

Once legal cannabis legislation is approved in the US, we expect to see the largest green rush in the history of the industry. Currently, several leading Canadian Licensed Producers (LPs) are highly focused on the US market and have acquired assets to enter the market as soon as cannabis is legalized at the federal level. 

Some of the Canadian LPs that we expect to immediately capitalize on the US cannabis market (as soon as legislation allows for it) include Canopy Growth Corporation (WEED.TO) (CGC), Aphria (APHA.TO) (APHA), Tilray Inc. (TLRY), Aurora Cannabis Inc. (ACB.TO) (ACB), and HEXO Corporation (HEXO.TO) (HEXO)

Currently, Canopy Growth and HEXO have strategic partnerships with large alcohol companies while Aphria owns a craft beer beverage company, Tilray owns a hemp product line, and Aurora Cannabis owns a cannabidiol (CBD) brand. 

Out of these operators, Canopy Growth is the only Canadian LP to  have a relationship with a leading multi-state operator (MSO) in the US and we are bullish on the potential value that can be generated through it. 

If you are interested in learning more about Canadian Licensed Producers that are focused on the US cannabis market, please send an email to support@technical420.com with the subject “Canadian Licensed Producers With Leverage To The US” to be added to our distribution list.

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Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

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