We are pleased to provide you with an update on the corporate activities and recent developments of RxMM Health Limited (“RxMM”).
US Medical Marijuana Industry
While all eyes in the US were on the “minor” event between Trump and Clinton, the “big news ” for shareholders resulting from the Ballot was that Florida, Montana, North Dakota and Arkansas approved the medical use of cannabis, adding to the 25 other states which already allow cannabis for medical use. Significantly, Maine, Massachusetts, Nevada and California all voted for recreational use. The tone set by the affirmative votes marks a changing social attitude in the US towards sensible and controlled legalization and the ultimate direction for the remaining non-approved states is becoming more evident… (continued below)