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

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Post by Keeleron Dec 17, 2022 5:02pm

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Post# 35177920

Hey mr quinlashes, here's a Stockwatch article for you

PLEASE dont report me for xcopyright infringment - even if you think it's a fake article.

The point here is that while Canadian stocks flounder - US MSOs actually rise on rumour, as intelligent informed investors know they are the ones that will actually benefit from SAFE.
Investors who think Hexo will benefit are just delusional and failing to udnerstand the reality of what the SAFE BAnk Act is.

Sure - you go ahead and sit on your .155 Hexo investment - how much money are you losing by NOT being in US MSOs?

Just hilarious.

From Stockwatch:

"The S&P/TSX Cannabis Index added a fraction to 37.02, while the CSE Composite Index added 11.94 to 230.09. South of the border, U.S. cannabis reform advocates pored over headlines suggesting that Congress may yet pass a long-awaited cannabis banking bill by year-end. News outlets such as Politico and Marijuana Moment reported that Senate Majority Leader Chuck Schumer will be making a last-ditch effort today and all weekend to include the bill in a forthcoming omnibus funding package.

The bill in question, the SAFE Banking Act, has been hobbling around Congress for years. It has cleared the House of Representatives seven times since 2019 but the Senate has refused to take it up, hence the attention on Mr. Schumer. Fellow Senator John Cornyn appeared to give credence to today's rumours by sharing Politico's article on his Twitter page (though as a Republican known to oppose cannabis reform, he did not paint the bill in a favourable light, calling it "irresponsible").

Though nothing that has not been heard before, today's rumours were still enough to give flagging U.S. cannabis stocks a lift to end the week. Cresco Labs Inc. (CL) added 51 cents to $3.66, even tripping the single-stock circuit breaker on the way up and getting slapped with a five-minute trading halt. Others on the rise included Green Thumb Industries Inc. (GTII), up $1.12 to $13.55, Curaleaf Holdings Inc. (CURA), up 86 cents to $7.20, and Columbia Care Inc. (CCHW), up 32 cents to $1.74."