1933 Industries Inc C.TGIF

BNN NOTES THIS WEEK

[jfogarty12]

Senate to craft new cannabis legalization bill: Schumer

The U.S. Senate is in the midst of crafting new cannabis legislation that will merge a number of existing related bills in an effort to consolidate reform during the current Congressional session, according to Marijuana Moment. Senate Majority Leader Chuck Schumer spoke to former NBA player Al Harrington - who owns the Viola Brands cannabis company - and outlined the U.S. Senate's plans to potentially legalizae cannabis. While it's not clear which other bills are being merged, it would likely address federally descheduling marijuana and funding efforts to expunge prior cannabis records.

Arizona adult-use market off to a strong start 

Arizona's recreational cannabis market is off to a roaring start, three months after voters gave the green light for adult-use sales to begin, MJBizDaily reports. The industry trade site said initial adult-use sales in Arizona were two-to-three times the value of their usual medical cannabis sales with flower products said to be in high demand. MJBizDaily noted that demand is so strong, product shortages could occur. Just under 100 dispensaries in the state are licensed for recreational sales, but Arizona is due to issue 26 more licenses under a social equity program

[DashForCash]

The timing of that Bill coming to fruition could not be more in sync with our positive progression. I see that as highly likely to be adopted in a bi-partisan vote - and into law circa. after we have Q2 & Q3 complete and publicly posted - confirming us as highly likely to be profitable and on the launch pad to get to a whole new level. I really hope that this bill will also remove 280E