Canada’s Canopy Growth Corp. said Friday in response to news that the U.S. Justice Department is removing protections for states that have legalized marijuana that is will only conduct business in jurisdictions where it is federally legal. “We want to make our position as clear as possible: While Canopy does not support continued cannabis prohibition, it is management’s view that confusion surrounding federal cannabis laws in the United States presents advantages for Canopy Growth, not risks,” Chief Executive Bruce Linton said in a statement. “We are confident in our position because we have exclusively focused on ethical, responsible and legal cannabis opportunities across the globe and not in the United States.” Canada is set to fully legalize marijuana this summer, a move that has helped Canadian businesses develop and flourish, at a time when U.S. companies are hampered by the continued classification of marijuana as a Schedule I drug, putting it on a par with heroin and cocaine.
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