Puration Inc (PURA)

[Atinus]

CBD is basically illegal in the U.S. The DEA clarified this in March, stating, "As the scientific literature indicates, cannabinoids, such as tetrahydrocannabinols (THC), cannabinols (CBN) and cannabidiols (CBD), are found in the parts of the cannabis plant that fall within the CSA definition of marijuana, such as the flowering tops, resin, and leaves." https://www.deadiversion.usdoj.gov/schedules/marijuana/m_extract_7350.html PURA is a U.S.-based company whose patent is for CBD extraction. Until federal law is settled by Congress in favor of deferring to states that opt for legalization on the recreational side, there will not be a federally legal way of doing CBD-based business in the U.S. I was very bullish on PURA until the Attorney General stepped in. Unfortunately, U.S.-based stocks are going to be viewed as too risky in this environment. The place to bring something to market is Canada, not the U.S., and it does not seem advisable to be a U.S. company doing business across international lines. U.S. CBD and other companies would be far better off fully relocating operations and incorporations until Congress settles these issues.