Canadian cannabis retail chain high tide welcomes proposed u.s. cannabis administration and opportunity act

Calgary, ab, july 14, 2021 /prnewswire/ - high tide inc. ("high tide" or the "company") (tsxv: hiti) (nasdaq: hiti) (fra: 2lya), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, welcomes the proposed cannabis administration and opportunity act (caoa) that was released today by senate majority leader chuck schumer, finance chairman ron wyden and new jersey senator cory booker. if passed by both houses of congress and signed into law by president biden, the bill would, among other measures, federally deschedule cannabis, expunge prior convictions, maintain the authority of states to set their own cannabis policies, provide financial assistance to entrepreneurs from marginalized communities and remove penalties on financial institutions who choose to do business with licensed cannabis companies.
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