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Agritek Holdings, Inc. Applauds Move By Canada That Just Legalized Marijuana Bringing Big Implications And Paving Way For New US Drug Policy
Agritek Holdings, Inc. Applauds Move By Canada That Just Legalized Marijuana Bringing Big Implications And Paving Way For New US Drug Policy.
About this update from Agritek Hldgs Inc
[{"type":"text","content":"\nCanada Now the Second Country in the World to Legalize Cannabis, Following Uruguay\n LOS ANGELES, CA, June 20, 2018 (GLOBE NEWSWIRE) -- Agritek Holdings, Inc. (OTCQB: AGTK) www.AgritekHoldings.com, a fully integrated, active real estate investor for the cannabis sector in the United States and Canada, today proudly announced Canada has become the first wealthy nation in the world to fully legalize marijuana. The Senate approved Bill C-45, also known as the Cannabis Act, on Tuesday. The measure was already approved by the House of Commons, so the Senate’s approval means it’s now set to become law. The new measure legalizes marijuana possession, home growing, and sales for adults. The federal government will oversee remaining criminal sanctions (for, say, selling to minors) and the licensing of producers, while provincial governments will manage sales, distribution, and related regulations — as such, provinces will be able to impose further rules, such as raising the minimum age. The statute largely follows recommendations made by a federal task force on marijuana legalization. Canadian and provincial governments are expected to need two to three months before retail sales and other parts of the law can roll out. Agritek Holdings announced Tuesday that it has received approvals and licenses for its \"420 Style\" resort and vacation bed and breakfast property approximately one hour outside of Quebec City, Canada. The fifteen-acre estate will cater to a wellness lifestyle and blending the hospitality sector to new deregulation of cannabis within Canada for those guests seeking to take advantage of new legislation.  The Company will additionally expand the distribution, sale and licensing of its CBD brands from its proprietary Hemp cultivation operations in Colorado. Agritek Holdings strongly supports and expects to benefit from the new  Drug Enforcement Administration (DEA) announcement and its recent statement on the legality of cannabidiol (CBD) -- which further clarifies that some CBD products, such as hemp-derived CBD products sold by Agritek Holdings Inc. New regulations seem to state that the Company’s brands are legal to distribute freely throughout the United States and do not fall under the regulations of the Controlled Substances Act...