The US Hemp Market: Not So Straightforward for Cannabis Companies
Canada has become the first G7 country to legalize cannabis for recreational purposes, and others may follow. With the United States open to hemp, developments may be in store for companies such as Canopy Growth (WEED), Tilray (TLRY), Cronos Group (CRON), and HEXO (HEXO). As was the case for Canada’s legalization of recreational cannabis, the rationale for legalizing industrial hemp is based on its economic benefits.