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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.


NYSE:BFK - Post by User

Post by Jefe127on Oct 08, 2020 12:07am
167 Views
Post# 31684917

U.S. gets closer to legalization

U.S. gets closer to legalization

The news, which sets the stage for yet more growth of the U.S. cannabis industry, was hailed by the Marijuana Policy Project (MPP) as a major victor, especially considering that Vermont is only the second state in the nation to legalize adult use via the legislature and not at the ballot box. Illinois did so in 2019.

“The significance of Vermont’s decision to legalize and regulate cannabis sales, especially in a state with a Republican governor and through the legislative process, cannot be overstated,” MPP Executive Director Steven Hawins said in a news release.

“This is an historic move that adds to the momentum of our movement and underlines its breadth and depth, and importantly, it comes as other state legislatures are poised to seriously consider legalization in the very near future.”

https://mjbizdaily.com/vermont-becomes-11th-state-to-legalize-recreational-marijuana-market/

Recreational sales in Vermont are not expected to begin until October 2022.

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