June 8, 2018 / 11:01 AM / 5 months ago

BUZZ-Canopy Growth Corp: Canada senate votes to legalize marijuana

** Shares of cannabis company up 1.7 pct at $30.80 premarket after Canada’s Senate votes to legalize recreational marijuana

** The upper chamber Senate voted 56-30 in favor of the legislation but included amendments that the House of Commons will need to decide on before the law can be passed

** The amendments include tighter advertising restrictions among others

** Canada on track to become the first Group of Seven nation to permit national use of the drug

** Canopy’s primary listing is on the Toronto Stock Exchange which will start trading at 9:30 am ET

** Up to Thursday’s close, stock had risen nearly 28 pct YTD (Reporting by Laharee Chatterjee in Bengaluru)

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