*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).

Share:
More In Business
Michigan Judge Sentences Walmart Shoplifters to Wash Parking Lot Cars
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
State Department Halts Plan to buy $400M of Armored Tesla Vehicles
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
Goodyear Blimp at 100: ‘Floating Piece of Americana’ Still Thriving
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
Is U.S. Restaurants’ Breakfast Boom Contributing to High Egg Prices?
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
Load More