Three Cannabis Stocks that Could Benefit from S. 420 in Congress
The cannabis story is quickly gaining monumental support.
All as Congressional support for cannabis legalization grows.
Just last week, Democratic Sen. Ron Wyden (OR) introduced S. 420, which seeks to legalize and regulate cannabis on a federal level. Known as the Marijuana Revenue and Regulation Act, it could de-schedule marijuana by removing it from the Controlled Substances Act (CSA), establish a federal excise tax on legal sales, and create a system of permits.
What makes this even more exciting for cannabis investors is the fact that “The American people have elected a pro-cannabis Congress in American history and significant pieces of legislation are being introduced,” added Wyden, as quoted by The Verge.
Some of the companies that are already benefiting from the boom include The Yield Growth Corporation (CNSX: BOSS)(OTCQB: BOSQF), The Green Organic Dutchman (TSX: TGOD)(OTC: TGODF), and Curaleaf Holdings, Inc. (OTC: CURLF)(CNSX: CURA).
The Yield Growth Corporation‘s (BOSS)(BOSQF) for example, just announced that it has finalized product formulations and selected all THC and CBD strains for its first nine products to launch in Oregon through a 400 retail distribution network.
Pursuant to its agreement with a licensed cannabis processing facility in Oregon, Yield Growth subsidiary UJ Topicals’ branded products will be launching in the Oregon legal cannabis market.
The products include CBD and THC oils, Analgesic Topical Gel with THC and CBD, Pain Balm with THC and CBD, Massage Oil with THC and CBD, and 3 types of capsules containing THC and Ayurvedic herbal formulations, blended with ingredients that have been used to treat arthritis and chronic pain. All of the cannabis topical products have been formulated based on Urban Juve proprietary formulas, for which 11 provisional patents have been filed in the U.S.
“We have formulated our products with very high concentrations of THC and CBD for maximum effect,” says Penny Green, CEO of The Yield Growth Corp. “It’s our hope that Oregon residents will embrace our cannabis products as viable treatments for chronic pain.”
For More Information on The Yield Growth Corporation (BOSS.CN),Click Here.
The Green Organic Dutchman (TGOD)(TGODF)is developing a distribution hug for large-scale beverage and edible products that can be introduced in Canada and abroad.
“We believe that the beverage and edible market will be the largest single segment of the cannabis market. Cannabis, as the base ingredient, makes these products possible. The medicinal and recreational market for CBD and THC will only increase over time and starting with an organic input is the most important aspect to developing these higher margin products,” notes TGOD President Csaba Reider.
For More Information on The Green Organic Dutchman Holdings Ltd., Click Here.
Curaleaf Holdings, Inc.(OTC:CURLF)(CN:CURA) just announced the appointed two new executives. Neil Davidson is the new Chief Financial Officer and Todd Goffman is now General Counsel and Secretary.
According to CEO, Joseph Lusardi, “Our executive team has a wealth of expertise from relevant industries including consumer packaged goods and retail. The public company experience that Neil and Todd bring to Curaleaf will make our team even more prepared to capitalize on the significant opportunities across our industry. With these new appointments, Peter and Jonathan will be able to dedicate more time to focus on Curaleaf’s business development and growth initiatives, particularly our M&A strategy.”
For More Information on Curaleaf Holdings, Inc., Click Here.
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