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Canadian cannabis producer Canopy Growth expects to enter the US market next year to grab a piece of a $1.6 billion opportunity (CGC)

Canopy Growth Group expects to enter the US market to take a piece of the $1.6 billion CBD market, Cowen says.

A worker collects cuttings from a marijuana plant at the Canopy Growth Corporation facility in Smiths Falls, Ontario, Canada, January 4, 2018. Picture taken January 4, 2018.
  • Linton's
  • announcement came after the US Senate voted Tuesday to approve the hemp-friendly Farm Bill. The House will vote on the bill Wednesday.
  • The US-hemp market is expected to be worth $1.6 billion by 2021, said Vivien Azer, an analyst at Cowen.

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