BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > Path to U.S. Legalization

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Post by Greenshooeson Jun 21, 2021 10:37am

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Post# 33419883

Path to U.S. Legalization

Connecticut set to legalize adult-use sales, federal reform bill expected in July

Connecticut will become the 18th U.S. state to legalize cannabis after the state's Senate voted in favour of legislation to allow sales of recreational marijuana. The bill now heads to the desk of Connecticut Gov. Ned Lamont to formally become law, which is widely expected. Cannabis industry trade newssite MJBiz reports sales in the state could hit as high as US$750 million after four years of operation. The news comes amid thawing sentiment from southern U.S. states on cannabis legalization, with Marijuana Moment reportingthat Texas and Louisiana are expected to sign cannabis reform bills tied to either medical usage or decriminalization efforts. This groundswell of cannabis support comes as policymakers and industry executives await a wide-ranging cannabis reform bill from Senate Majority Leader Chuck Schumer that Curaleaf Executive Chairman Boris Jordan said may be introduced in July. That can't come soon enough for some Canadian cannabis producers including Canopy Growth who are eyeing entry into the U.S. THC market, The Canadian Press reports.