HYTN Innovations Inc (TSE:HYTN) has released an update.
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HYTN Innovations Inc. welcomes the U.S. Justice Department’s recommendation, backed by the DEA, to downgrade cannabis to a Schedule III substance, a move that could spur growth by easing research and regulatory hurdles for the industry. The reclassification is expected to reduce operational complexities, excessive tax burdens, and could foster innovation and sustainable industry growth. HYTN’s CEO Elliot McKerr sees this as a chance for global regulatory alignment and a boost for businesses like HYTN that are ready for compliant expansion.
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