Movers and SHAKERS
Historic Vote, But What Does it Mean?
Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Historic Vote. On Friday, the House of Representatives passed legislation that would decriminalize marijuana, mostly on party lines. This represents the first time a chamber of Congress has voted on federal marijuana decriminalization The MORE Act would remove marijuana from the Controlled Substances Act and eliminate criminal penalties for the manufacture, distribution, or possession, but would authorize a 5% sales tax on marijuana products. Significantly, the MORE Act also would solve the current banking and tax issues faced by the industry.
U.N. Removes Cannabis from "Most Dangerous" Drug List. On Wednesday the UN Commission on Narcotic Drugs removed cannabis from its schedule of dangerous drugs, where had been for 59 years. This could accelerate global research into the medical and therapeutic potential of cannabis, which, if confirmed, could further push open the legalization door ...
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