XPHYF - 420 with CNW - Federal Economic Committee Recommends Marijuana Reclassification as Industry Continues to Grow
Last week, the White House Office of Management and Budget published a proposal in the federal register in which it provided policy recommendations for next year’s North American Industry Classification System (“NAICS”), which is utilized in the compilation of data on markets across Canada, Mexico and the United States, as well as in the classification of businesses.
In a series of recommendations, the federal economic committee stated that the cannabis industry would keep growing, noting that steps needed to be taken to make certain that the growth was tracked under a system that would allow analysts to publish statistical data and follow the markets. The recommendations include a suggestion to categorize marijuana retailers under a new category...
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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 synonymous 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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