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Investor Ideas #Potcasts 613, #Cannabis News and #Stocks on the Move; CEO of Medical Marijuana, Inc. (OTC: $MJNA)
Investor Ideas #Potcasts
613, #Cannabis News and #Stocks on the Move; CEO of Medical Marijuana, Inc.
(OTC: $MJNA)
Delta, Kelowna, BC, November 16, 2021 (Investorideas.com
Newswire) www.Investoride, as.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/111621-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/11161Interview-MJNA.asp
Hear Investor ideas cannabis potcast on iTunes
Hear the investor ideas potcast on Spotify
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In
today’s podcast Investorideas interviews Blake
Schroeder, Esq, CEO of Medical Marijuana, Inc. (OTC: MJNA) where we discussed the recent
announcement from JPMorgan Chase & Co. that the company will no longer
allow the purchase of stocks in some U.S. cannabis companies that have a
“direct nexus to marijuana-related activities” and are not listed on the
Nasdaq, the New York Stock Exchange or the Toronto Stock Exchange, how this
affects the industry as well as how this impacts MJNA.
Blake Schroeder
recently commented on the news, saying, "The longer we prolong federal
cannabis legislation, the more financial institutions we will see making
similar statements as JPMorgan. As the first-ever cannabis company to become
publicly traded in the US, as well as on OTC Markets, we've witnessed the many
ups and downs of cannabis stocks over the years and have been pleasantly
surprised that cannabis has been one of the few industries to come out of the
pandemic even stronger than before. We’ve seen positive movement for the
industry on both the federal level, with the passage of the 2018 Farm Bill, and
many state levels, including the recent passage of California AB 45. We hope
that financial institutions and regulators see clearly the positive movement
that is happening around the world and, instead of making decisions like this
that do more harm than help in keeping people safe from fraud, positively
align. We will continue to fight for fair access to financial services for as
long as it takes.”
Shroeder went on to
discuss MJNA’s international strategies in Finland, Japan and Hin Kong
commenting, “Finland, I believe it was three years ago, was giving us a hard
time saying that CBD wasn’t legal in their country. A lot of companies would
just back down but not us, we filed lawsuits for “Free Access” and we fought
and we won. Free Access is incredibly important to us, and if you’ve met some
of the families that I’ve met and you’ve seen how their lives have changed
because they can have free access to cannabis, whether it's psychoactive or
non-psychoactive. We want to be the world’s first truly global cannabis company
so we recently launched in Hong Kong. A few years
ago we launched non-psychoactive products into the country of Japan and have
had incredible growth there. Hong Kong is really
an entryway to the Chinese speaking market all over the world, which is the largest
market in the world. We think there’s great things coming in the far East.”
The legal “win” Shroeder refers to
is when MJNA announced back in October that the Company’s
subsidiary Kannaway® had won a historic court case in Finland proving the
legality of the importation of the Company’s cannabidiol (CBD) oil.
“We have been a leader in bringing
CBD to Finland, as well as to many other countries across Europe,” said
Kannaway® CEO Blake Schroeder. “We knew that our operations and sales were
legal in Finland but receiving this ruling from the Finnish High Supreme
Administrative Court is promising for the future of our company and the entire
industry. We are well on our way to becoming the first truly global cannabis
company in the world.”
In 2018, Finnish Customs confiscated
a bottle of Kannaway® Pure Gold and claimed that it was illegally imported
since FIMEA, the Finnish Medicines Agency, lists CBD as a medicinal ingredient,
causing the Finnish Customs Authority to take a “blanket approach” in treating
all CBD products like medicines. On Friday, October 22, 2021, the Finnish
Supreme Administrative Court declared that any product, according to EU
directives, would need to be classified as a medicinal product on a
case-by-case basis with specific claims on therapeutic effects, dosage and
supporting evidence. In this case, the Supreme Administrative Court has
declared that Kannaway® Pure Gold hemp oil is not a medicinal product.
Shroeder went on to discuss the
different quality levels within the CBD space both internationally and
domestically in the US, the difference between medicinal and wellness products
as well as some of the positive movement being noticed within the industry at
the moment, despite some negative press surrounding federal reform issues.
To find out more about Medical
Marijuana Inc. visit their website here.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that this podcast is not an endorsement to buy products or services
or securities. Investors are reminded all investment involves risk and possible
loss of investment.
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
To hear more
Investorideas.com
podcasts visit: https://www.investorideas.com/Audio/.
The
Investorideas.com podcasts are also available on iTunes ( Apple Podcasts)
, Audible , Spotify, Tunein, Stitcher,
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Podcasts and most audio platforms available.
Potcasts is now a certified
word mark Trademark on the blockchain through Cognate, Inc. CM
Certification-Registration Number: 10468217708
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