Canadian pot producers watch closely as Democrats aim to rewrite U.S. cannabis laws – CP24

Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growth facility in Smiths Falls, Ont.

But federal law still considers it a Schedule I controlled substance with high risk of abuse and no accepted medical use, alongside drugs like heroin, LSD and peyote.

That makes it impossible for companies operating in a legal landscape like California or Colorado to make use of institutional banking or financing services, access capital markets or do business outside their respective state lines.

to create a legal marketplace, and made no mention of protecting state-level cannabis markets, expanding research efforts or safeguarding benefits for veterans who use medical marijuana.

“Canadian companies who now have a couple of years of operating experience under a legal regime have learned how to mass produce.

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