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AmeriCann Comments on Midterm Election Results, Attorney General Sessions' Resignation and the Outlook for the Cannabis Industry
AmeriCann Comments on Midterm Election Results, Attorney General Sessions' Resignation and the Outlook for the Cannabis Industry.
About this update from Americann Inc.
[{"type":"text","content":"Three New States Legalize Cannabis, the Resignation of Jeff Sessions and the Change in Control of the House of Representatives Set the Foundation for a Wave of Pro-Cannabis Legislation and a Path to the End of ProhibitionDENVER, CO / ACCESSWIRE / November 8, 2018 / AmeriCann, Inc. (OTCQB: ACAN), an agricultural-technology company that is developing the next generation of eco-friendly state-of-the-art greenhouse cannabis cultivation and processing properties, today provided commentary on the impact of the recent developments in Washington, D.C. and the outlook for the cannabis industry.Three significant pro-cannabis events occurred in the last several days: Voters in Michigan, Missouri and Utah approved cannabis measures on Tuesday. There are now 32 states that have approved cannabis, nearly two-thirds of the country. U.S. Attorney General Jeff Sessions, an outspoken critic of the cannabis industry, has resigned a day after the Midterm elections. Congressman Pete Sessions was defeated in his re-election bid for Texas' 32nd Congressional District. Pete Sessions had used his position as Chairman of the House Rules Committee to block House floor members from voting on over three-dozen marijuana-related amendments during his leadership tenure.''Tuesday's election results represent one of the most significant events yet towards the end of cannabis prohibition,'' stated AmeriCann CEO Tim Keogh. ''Not only were ballot measures passed legalizing cannabis in three states, but the change in the Chairmanship of the powerful House Rules Committee should serve as a catalyst for a wave of pro-cannabis legislation.''Democrat Representative Jim McGovern of Massachusetts is in line to replace Pete Sessions as Chair of the Committee. Representative McGovern is recognized as a leading advocate for pro-cannabis policies, even serving as a co-sponsor of cannabis supportive legislation.''It is well known that Jeff Sessions has been an obstacle towards cannabis reform,'' stated AmeriCann founder Ben Barton. ''However, Jeff Sessions had very limited success in implementing his outdated views of cannabis enforcement. On the other hand, Pete Sessions was incredibly effective in blocking dozens of popular, bipartisan cannabis reforms from reaching the floor of the House. With the abrupt exit of both Sessions, we now have the opportunity for Congress to imp...