Canopy Growth Corp.’s venture capital arm is barred from investing in the U.S. pot market, but its founders are ready to take advantage of “the most compelling opportunity in the history of capitalism,” if federal laws change.

Like many of its peers, Canopy Rivers Inc. has to steer clear of U.S. marijuana investments because its Canadian listing requires that issuers comply with federal laws in the jurisdictions where they operate. Although cannabis is legal in several states, it remains illegal at the federal level.

But co-founders Sean McNulty and Peter Hatziioannou say regulatory reform is already underway and they are keeping tabs on potential U.S. opportunities through XIB Consulting Inc., their outside consulting firm.

More at  https://business.financialpost.com/cannabis/canopy-vc-arm-ready-to-pounce-if-u-s-legalizes-marijuana