Delta, Kelowna, BC – November 16, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site,
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release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Investor Ideas Potcasts #613, Cannabis News and Stocks on the Move; CEO of Medical Marijuana, Inc. (OTC: $MJNA)
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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 our more about Medical Marijuana Inc. visit their website
here
.
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