Arizona Law May Protect Medical-marijuana Users From Feds' New Stance - Seite 3

THE WHAT IF SCENARIO 

Even if the DOJ takes an enforcement stance, there are some protections built into the Arizona law.

The first is designed to protect medical-marijuana users against any state administration that decides to use the illegality of marijuana under federal law to shut down Arizona's program.

The 2010 law approved by voters allows people with certain specified medical conditions to be certified by the state to obtain up to 2ƒ ounces of marijuana every two weeks. They make purchases through state-licensed dispensaries.

Accordingly, if the Arizona Department of Health Services fails to issue a medical-marijuana-user identification card within 45 days of getting a valid application or renewal, the card is considered to be deemed "issued" and the applicants copy then qualifies as a valid ID card.

A separate section says if the health department is not accepting applications, people can effectively self-certify by providing the same required information in a notarized statement along with the written certification of a physician that the patient needs the drug.

These possibilities are not out of the question, even with the voter approval of the 2010 law.

Arizona's Governor Doug Ducey supports the Session sentiment saying, "I've always thought we should enforce federal law, just like we should enforce state law,".

So while the Feds and States wrestle over the reality of the laws, the prospect of added demand coupled with solid news of governmental support has fortified the positions of cannabis producers and medical companies.

Several states and Canada appear to be willing to take the initiative to legalize marijuana. And legal cannabis companies are moving to meet future demand.

POTENTIAL COMPARABLES 

Aurora Cannabis (TSXV: ACB) (OTC: ACBFF)

Through its wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., Aurora Cannabis is a major LP, operating a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta. Aurora made waves when it announced the construction of its 800,000 square foot "Aurora Sky" facility second 800,000 square foot production facility at the Edmonton International Airport. Aurora's also involved in Quebec, with its third 40,000 square foot production facility set to be completed in Pointe-Claire, Quebec, on Montreal's West Island. Aurora also holds a minority stake in leading extraction technology company Radient Technologies Inc., based in Edmonton, and a minority stake in Australian company Cann Group Limited, which was the first in Australia to conduct research on and cultivate medical cannabis. Aurora also owns German wholesale importer, exporter, and EU medical cannabis distributor Pedanios.