Weed leader Canopy Growth done with buying smaller producers: CEO

Powered by a deal with Corona-maker Constellation Brands Inc that has left it with $4.5 billion to invest, Canopy is in pole position to cash in on Canada’s legalization of marijuana for recreational use as well as expectations that the United States may follow. Constellation is betting in part on the promise that federal legislation might eventually follow moves by state governments in the United States to legalize, opening the door to legal production countrywide, and there have been tentative signs that others may follow.

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