22nd Century Group Inc (XXII)

[Justfactsmam]

Fairly clear...Sessions withdraws the Cole Memo...meaning Federal Law is remains the law of the land regardless of how states legislate (if there had been any confusion).

Federally chartered banks cooperating with MJ industry will have to be concerned.

The result?:

"Rafael Lemaitre, former associate director for public affairs for the Drug Policy Office under President Obama.

“We don’t know how this might play out legally,” he said. “But this will create a significant chilling effect on investors who had hoped to cash in on a new ‘green rush.’ Before Trump, you would have to just be risk [tolerant] to put money behind the marijuana industry; now you’d have to be downright crazy. Despite public polling showing its popularity, the cards are stacked against a successful long-term business model here.”

Concerning esad1 comment: "Sessions opinions were well known years ago"...yes, but he had not acted on those opinions....NOW HE HAS ACTED. That is a significant difference. IMO...everyone was asleep at the wheel, lulled by his previous inaction.

It appears as the MJ state legalization of recreations issue continues...FDA would have to get involved. IMHO...a distraction to the VLN issue and promulgations.

XXII has risen on hype of MJ association through its technology. There is no clear "need" for this technology as it relates to MJ, as opposed the need with VLN cigs. Looks like XXII will linger longer in this range without a clear partner in technology, either with burn cigs or MJ.