Blum Holdings Inc (BLMH)

[BidnessMan]

https://www.thechronicleherald.ca/news/vigilance-the-watchword-for-pot-users-investors-executives-at-canada-us-border-260919/


"In the U.S., many in the industry — still hamstrung by the fact marijuana remains a controlled substance at the federal level, making it all but impossible to effectively obtain financing and other essential services — are hanging their hopes on bipartisan legislation aimed at ensuring states are protected from U.S. government interference.

The bill, unveiled earlier this year by Republican Sen. Cory Gardner of Colorado and Democrat counterpart Elizabeth Warren of Massachusetts, is beginning to get traction in the wake of a strong Democratic showing in the midterms, said Derek Peterson, chief executive of California-based pot producer Terra Tech Corp.

"That, I think, will be the answer to legalization, and we will start to see some attention paid to that" in the new year, Peterson said.

"I think (Republicans) now understand that most of the constituents in the U.S. want to have some sort of federal regulation, a tax-and-regulate program, rather than just kind of leaving it with the black market, for all practical purposes."