MCTC - 420 with CNW - DEA Admits State-Level Cannabis Legalization Puts a Squeeze on Illicit Sellers
In a report, the Drug Enforcement Administration acknowledged that state-level marijuana legalization minimizes illicit interstate trafficking. The DEA was giving an overview of its enforcement efforts in its performance budget submission to Congress for the 2021 fiscal year. The DEA also predicted the upcoming future trends. In the report, the DEA admitted that allowing consumers to access marijuana legally means that the demand for cannabis products sourced from the black market would decrease.
The DEA further said that after the legalization of medical marijuana in Florida in 2017 resulted in retail distribution centers throughout the allowed location, it is expected that the legalization of less than 10% HTC smokable medical marijuana bud in March of 2019 would lead to a growing market for...
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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymousThis plan is part of the anti-narcotics agency’s annual quota for the production of controlled substances that will be used for the scientific, medical, research and industrial needs of the U.S. The quota also includes the amounts of controlled substances that are needed to address the lawful export needs of the country as well as with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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