Category: Sponsors

Cannabis Pricing for the Week Ended January 5, 2018

According to the latest Cannabis Benchmarks data, Cannabis prices rebounded slightly on a week-over-week basis for the week ended January 5, 2018. But looking at the 6-month trend, ended December 29, 2017, there has been a distinct trend of softness in pricing on all fronts, with outdoor flowers continuing to take the most pressure. TroyFlowers Author description...

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CannaRoyalty Comments on Department of Justice Memorandum to U.S. Attorneys

Ottawa, Canada – January 4, 2018 – CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) (“CannaRoyalty” or the “Company”), an active investor and operator in the legal cannabis industry, commented on the Memorandum for all United States Attorneys issued by U.S. Attorney General Mr. Jefferson B. Sessions on January 4, 2018 (the “Memorandum”). The Memorandum, as its predecessors, the so-called Cole Memorandums of 2011, 2013 and 2014, provides guidance to U.S. prosecutors regarding the enforcement of federal cannabis laws. The Memorandum is not law nor does it alter the U.S. Justice Department’s (“DOJ”) discretion or ability to enforce federal marijuana laws. U.S. prosecutors will continue to have discretion in how they enforce federal marijuana laws, as they had under the Cole Memorandums. “No legal change has taken place here. We do not foresee the Memorandum meaningfully impacting the way that existing cannabis business is conducted within legal states,” said Marc Lustig, CEO of CannaRoyalty. “The evidence from legal states demonstrates that legalizing and regulating cannabis consumption works. It is our belief that this Memorandum has more to do with the DOJ’s desire to ensure its ability to continue to enforce federal law without specific enforcement priorities regarding cannabis, than it does to disrupting ongoing state-legal cannabis activity.” Marc Lustig added, “To enforce federal cannabis restrictions within legal states, the DOJ would be enforcing a historical federal policy that is contrary to...

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