*By Jacqueline Corba*
For all the progress that legal marijuana has made in the United States, the country remains a murky place for companies seeking to enter a nascent market with complicated and inconsistent laws, said the co-founder and chief executive of North America's largest cannabis company.
Bruce Linton, the CEO of Canopy Growth Corporation, said his company was able to lead the way and become the first publicly listed pot company because it scrupulously follows the rules.
"United States is getting more complicated," Linton said in an interview Thursday with Cheddar. "I'm not hearing as clear as a voice as I did on what to do three years ago. It's louder, but it's definitely not clearer."
Canopy was the first cannabis firm to be listed on the New York Stock Exchange when it began trading last week. Its stock is up more than 20 percent since its debut, and the company has a market cap of more than $6 billion. That makes it the largest pot stock out there. The Canadian marijuana company operates 10 production facilities in nine countries where pot is legal.
Linton said he wants Canopy to be a leader in the industry. "This is about public policy and how we push the agenda, and then follow it," he said, adding legalization should come from following existing rules.
"If you want to be on the New York Stock Exchange, you need to be following all the rules," said Linton. "What we try to do is lead, and that almost always results in having us do most things first."
Canopy Growth Corporation is used to doing this first. Before listing on the NYSE, it was the first cannabis company to go public when it listed on the TSX Venture Exchange, a junior exchange in Canada, in 2014. It moved to the Toronto Stock Exchange two years later.
For the full interview, [click here](https://cheddar.com/videos/canopy-growth-ceo-on-nyse-debut).
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Mariah Carey is facing a second lawsuit claiming copyright infringement over her song, "All I Want For Christmas is You."
Load More