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Canopy eyes U.S. expansion with weed gummies maker Wana Brands' acquisition

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Canopy Growth says it plans to buy weed gummies maker Wana Brands for US$297.5 million, as the world's biggest pot producer looks to expand in the U.S. cannabis market.

on Thursday it would buy weed gummies maker Wana Brands for US$297.5 million, as the world's biggest pot producer looks to expand in the U.S. cannabis market.

"The categories that resonate the most with consumers, particularly in THC space are gummies and beverages, we continue to look at other ways of consumption but these two seem to be the ones that are taking off," Canopy chief executive officer David Klein told Reuters.Wana sells gummies in the U.S.

"We remain more bullish than others in the regulatory front and feel that our ecosystem in the U.S. is strong enough to grow even without federal permissibility happening in the short term," Klein added.

Source: News Formal (newsformal.com)

 

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So a Canadian company can expand their cannabis business into the US but if I tell a border guard that I have ever smoked a joint, I will be forever banned. Have I got that right

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