CannabisNewsWire Editorial Coverage: Legal changes could soon make transacting business easier for the cannabis industry.
- Reports indicate that the president plans to reform cannabis laws, making commerce easier for businesses working in states with legal markets.
- Reforming the law could improve the position of companies working with cannabidiol (CBD) as a food additive and industrial hemp.
- Hemp and CBD are now large segments of the cannabis sector.
- These anticipated legal changes are part of a wider international shift.
One of the companies that may benefit from changes in the United States is Marijuana Company of America, Inc. (OTC: MCOA) (MCOA Profile), which works primarily in cultivating industrial hemp and developing CBD products. Tilray, Inc. (NASDAQ: TLRY), which has affiliates around the world, may use its global experience to adjust to changes in the United States. Research into cannabis by companies such as Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) will become easier, eventually improving product ranges and patient well-being. The legislative shift is also being encouraged by companies such as PotNetwork Holding, Inc. (OTC: POTN) through efforts at public and industry events. And as industry leaders such as Aphria, Inc. (OTC: APHQF) (TSX: APH) swallow up smaller companies, a stronger, consolidated sector is likely to…
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