Akanda Corp. Provides Update on Scheduling Policy in US Aims to Be Among First International Movers in US Pending Approval [Yahoo! Finance]
Akanda Corp. (AKAN)
Company Research
Source: Yahoo! Finance
cannabis company, today announces it is actively following the developments in federal US policy to reschedule and/or deschedule cannabis under the Controlled Substances Act ("CSA"). The Company believes rescheduling may reinvigorate capital markets and could lead to changes in NASDAQ and NYSE rules on listing plant-touching U.S. companies. Should this occur and provided NASDAQ rule changes, Akanda has strategic plans to become a leader in consolidating US-based operators. The Company believes there would be additional benefits from improvements in US scheduling policy such as removing state-legal cannabis businesses Section 280 of the Internal Revenue Code, allowing them to deduct business expenses. The Company notes that according to consumer researchers such as the Brightfield Group, the US cannabis industry is poised to continue growing this decade. In 2022, the U.S. cannabis market reached $27 billion in sales. By 2028, it is forecast to be worth $50.7 billion [1] Reschedulin
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AKAN
News
- Akanda Announces No Equity Financing Until Further Notice [Yahoo! Finance]Yahoo! Finance
- Akanda Announces Plans to Enter Blockchain and AI Technology Sector [Yahoo! Finance]Yahoo! Finance
- Akanda Looks to Commercialize and Capitalize on Germany's Legalization of Cannabis, Opening Path to $3BN Market [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Announces Closing of the Sale of RPK [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Announces Canmart's Plans for Facebook and Instagram Social Shopping Technology Integration [Yahoo! Finance]Yahoo! Finance
AKAN
Sec Filings
- 5/1/24 - Form 20-F
- 4/30/24 - Form NT
- 4/15/24 - Form 6-K
- AKAN's page on the SEC website