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Supreme Cannabis Company Inc. (The) T.FIRE

The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.


TSX:FIRE - Post by User

Comment by DubbyTGFon Jan 02, 2020 6:52pm
71 Views
Post# 30513173

RE:RE:RE:Vaping

RE:RE:RE:Vaping

I suppose my biggest critcism is defined well in the quote that I included. The FDA has had authority to properly regulate and approve products since 2016. The ban in-and-of itself actually isn't a bad step, IMHO. It's still too early to see how their plan of, "authorizing products," for sale will work out. The approach from the administration and FDA has actually been fairly reasonable compared to what I've seen in some of the states.

"Importantly, the FDA’s enforcement priorities are not a “ban” on flavored or cartridge-based ENDS. The FDA has already accepted and begun review of several premarket applications for flavored ENDS products through the pathway that Congress established in the Tobacco Control Act."

As you've said, there are multiple cases where Trump has agreed/stated that he does not intend to stop legalization or take action against it. There were recently two bills that passed the House, but were quietly struck down in the Senate. It seems like things are close, and there is decent support across party lines, but my impression is actually that there is more support from Dems. The following link may offer some additional context;

https://www.fool.com/investing/2019/11/30/sorry-the-more-act-has-no-chance-of-becoming-law.aspx

I
IRC, Trump has made it clear that he still has the authority to take action if he wants to. Part of his willingness to turn a blind eye might be that he doesn't expect anything to make it into law (past the Senate). Although, from my perspective of Trump, I don't see why he would be against it. Regardless, I don't think much will change in the slow drumroll to legalization no matter who gets elected, but it currently seems like there needs to be more turn-over in the Senate before we get any federal action. I haven't seen anything in the current climate to make me think that we will be going backwards again, or that the industry will fail.

JMHO,
-Dubby 

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