1933 Industries Inc C.TGIF

FROM BNN

[jfogarty12]

THIS WEEK'S TOP STORIES
 

U.S. election sees five states legalize cannabis but federal changes remain murky 

Clearly the biggest story of the week was the U.S. election and how some state-wide ballots led to a green wave of legalization across five states. Montana, South Dakota, New Jersey, Mississippi and Arizona all legalized cannabis for either recreational or medicinal usage following Tuesday's vote. However a fully pathway toward federal legalization remains murky given the uncertainty on who controls the U.S. Senate with two Georgia seats appear to be set for a runoff in January. That would likely limit the likelihood that Canadian cannabis producers will be able to set up operations south of the border, while seeing some U.S. multi-state operators that already operate in those now-legal state benefitting from the recent election results.