Toronto, Ontario – Lineage Grow Company Ltd. (the “Company” or “Lineage”) (CSE:BUDD), an active operator in the U.S. legal cannabis industry, wishes to comment on the recent positive developments in the U.S. political environment towards cannabis. Specifically, the Company is pleased to see reports that President Trump has promised top Senate Republicans that he will support congressional efforts to protect states that have legalized marijuana. Also, former House Speaker John Boehner has been appointed to the advisory board of a private U.S. cannabis company.
On April 13, 2018, the Washington Post reported that President Trump and Colorado Sen. Cory Gardner reached an understanding that the marijuana industry in Colorado will not be the subject of interference from the federal government and that the Department of Justice’s recession of the Cole memo will not impact Colorado’s legal marijuana industry. Furthermore, President Trump provided assurances that he will support a federalism-based legislative solution to fix the issue regarding of states’ rights to regulate cannabis.
“President Trump’s assurances to protect state’s rights to establish regulated cannabis markets means we are moving towards a climate where cannabis users and business can participate in the industry without fear of interference from the federal government,” said Peter Bilodeau, CEO of Lineage. “Taken in combination with the recent news that John Boehner, a staunch conservative and opponent of legalization, has joined a cannabis company, we view these reports as a clear and positive sign that the tide is shifting. We applaud the federal government’s support of states’ rights to decide for themselves how best to approach marijuana.”