iAnthus Applauds U.S. Congress Reauthorizing the Rohrabacher-Blumenauer Amendment
March 27 2018 - 6:00AM
iAnthus Capital Holdings, Inc. (“iAnthus” or “the Company”),
(CSE:IAN) (OTCQB:ITHUF), which owns, operates, and partners
with licensed cannabis operations throughout the United States,
today issued the following statement in response to the inclusion
of medical cannabis protections, known as the
Rohrabacher-Blumenauer Amendment (“the Amendment”), in the omnibus
spending bill passed by the U.S. Congress on Thursday, March 22.
The Amendment prohibits the Department of Justice from using
federal funds to interfere with state medical cannabis laws and the
companies in compliance with those laws. This includes state
regulated use, distribution, or cultivation of cannabis. The
Company’s statement reads as follows:
“The passing of the Rohrabacher-Blumenauer Amendment as part of
the omnibus federal spending bill again shows Congress’ support for
protections for the medical cannabis industry. The Amendment has
been included in every budget passed since 2014 and allowed the
industry to flourish in states that have passed medical cannabis
legislation. The passing of the Amendment also serves as a signal
of support from Congress following the rescinding of the Cole
Memorandum in January, a move that has had little to no material
impact on the regulated cannabis market.
The American people have demonstrated overwhelming support for
regulated cannabis and the right of states to determine their own
cannabis laws. According to a study published by Gallup in October
2017, 76% of American voters believe the federal government should
not interfere with the rights of states to determine their own
cannabis laws, and an overwhelming 94% of American voters support
medical cannabis. The reauthorization of Rohrabacher-Blumenauer is
a good start for recognizing the wishes of the American electorate,
but we encourage Congress to continue to explore and implement
further protections for regulated cannabis.”
About iAnthus Capital Holdings, Inc.
iAnthus Capital Holdings, Inc. owns and operates
best-in-class licensed cannabis cultivation, processing and
dispensary facilities throughout the United States, providing
investors diversified exposure to the U.S. regulated cannabis
industry. Founded by entrepreneurs with decades of experience in
operations, investment banking, corporate finance, law and health
care services, iAnthus provides a unique combination of capital and
hands-on operating and management expertise. The Company uses these
skills to support operations across six states. For more
information, visit www.iAnthusCapital.com.
Forward Looking Statements
Statements in this news release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed here and
elsewhere in iAnthus' periodic filings with Canadian securities
regulators. When used in this news release, words such as "will,
could, plan, estimate, expect, intend, may, potential, believe,
should," and similar expressions, are forward-looking
statements.
Forward-looking statements may include, without
limitation, active cannabis legislation and other statements of
fact.
Although iAnthus has attempted to identify
important factors that could cause actual results, performance or
achievements to differ materially from those contained in the
forward-looking statements, there can be other factors that cause
results, performance or achievements not to be as anticipated,
estimated or intended, including, but not limited to: dependence on
obtaining regulatory approvals; investing in target companies or
projects which have limited or no operating history and are engaged
in activities currently considered illegal under US Federal laws;
change in laws; limited operating history; reliance on management;
requirements for additional financing; competition; hindering
market growth and state adoption due to inconsistent public opinion
and perception of the medical-use and adult-use marijuana industry
and; regulatory or political change.
There can be no assurance that such information
will prove to be accurate or that management's expectations or
estimates of future developments, circumstances or results will
materialize. As a result of these risks and uncertainties, the
results or events predicted in these forward-looking statements may
differ materially from actual results or events.
Accordingly, readers should not place undue
reliance on forward-looking statements. The forward-looking
statements in this news release are made as of the date of this
release. iAnthus disclaims any intention or obligation to update or
revise such information, except as required by applicable law, and
iAnthus does not assume any liability for disclosure relating to
any other company mentioned herein.
The Canadian Securities Exchange has not
reviewed, approved or disapproved the content of this news
release.
CONTACT INFORMATION
Corporate: Julius KalcevichChief Financial OfficeriAnthus
Capital Holdings, Inc. 646-518-9418 Investors@iAnthusCapital.com US
Investors: Phil Carlson / Elizabeth Barker KCSA Strategic
Communications iAnthus@KCSA.com
Canadian Investors: Nicole Marchand Nicole Marchand Investor
Relations Nicole@nm-ir.com
Media: Robert Vanisko North 6th Agency 212-334-9753 ext.112
iAnthus@n6a.com
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