As many know, Canadian legalization starts today and this has given pause to many US-based cannabis companies pause. Due to the federal stance on cannabis, many US cannabis companies are worried about losing their dominate hold on the market as they are unable to access to traditional banking or institutional financing, making it hard for them to operate their businesses.

This has sparked Terra Tech Corp. (OTCMKTS:TRTC) CEO Derek Peterson to take out a full-page ad in the Wall Street Journal to petition the White House for measures that will protect the US cannabis industry, according to an article in The Chronicle Journal. Peterson thinks the solution to this problem is for the US government to allow states to enact their own cannabis regulations, which will allow cannabis companies to fairly compete with the Canadian market and to protect the domestic industry. President Donald Trump has given assurances to California Congressman Representative Dana Rohrabacher that he plans to proceed with reforming the federal cannabis laws surrounding medical cannabis once midterm elections are over next month.


FSD Pharma Inc. (CSE:HUGE) Director Anthony Durkacz weighed in on the ad taken out by Peterson. Durkacz believes that the Canadian market could be the tip of the iceberg if Trump decides to take Peterson’s advice and reforms the US’s cannabis laws.

“The global cannabis boom, for raising money in Canada, has just been absolutely incredible,” said Durkacz. “Canada is a very, very small country — economically we are tiny. There’s more money in Manhattan alone than all of Canada, by multiples. For us, where the good times and the bullish market will continue is if America legalizes cannabis.”

To view the full article, click here.

Click here to connect with FSD Pharma Inc, (CSE:HUGE) for an Investor Presentation.

Source: www.chroniclejournal.com

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Credit Acceptance Corporation investors (NASDAQ: CACC); December 1, 2020 deadline, click here to join .

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  • On November 19 , the Mexican Senate passed comprehensive adult-use cannabis legalization, moving Mexico towards becoming one of the few countries to legalize cannabis nationally
  • On March 31, 2020 , the Company entered into an agreement with Tecnologico de Monterrey , the leading university in Mexico , to educate physicians across Latin America , in advance of the impending regulations in Mexico
  • To date, close to 550 LatAm physicians have obtained their diploma accrediting completion of Khiron’s medical education program
  • The Company plans to deploy its ZereniaTM medical cannabis clinics and telehealth strategy in Mexico , building on the success of its vertical integration strategy in Colombia
  • Expanding the Zerenia clinic strategy will build on the Company’s Colombia knowledge and proven distribution capabilities, with rapid telehealth service adoption and over 5,600 medical cannabis scripts filled to date
  • Mexico represents one of the largest potential markets for medical cannabis in the world and is anticipated to reach $1.2bn USD by 2028 (Prohibition Partners).
  • Company to release Q3 2020 financials and host webcast on Tuesday, December 1st

Khiron Life Sciences Corp. (“Khiron” or the “Company”) (TSXV: KHRN ), (OTCQX: KHRNF), ( Frankfurt : A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe welcomes the passing of adult-use cannabis legislation by the Mexican Senate, which moves the country closer to a legalized cannabis market, and towards provision for medical cannabis products.  Khiron has had a presence in Mexico since 2018 and has been working with doctors and medical institutions to develop a deep understanding of the market.

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