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Bayport International Holdings Inc (OTCMKTS:BAYP) Releases Shareholder Updates

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Bayport International Holdings Inc (OTCMKTS:BAYP) issued a update to shareholders in response to Attorney General Jeff Sessions’ announcement to step up federal cannabis laws enforcement in states where cannabis is decriminalized for recreational use.

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Bayport International hereby states that plans and operations for 2018 will not be impacted if the federal government does determine to increase cannabis enforcement. The company’s operations don’t “touch the plant,” indicating the firm is not involved in the grow, extraction, production or sale of physical cannabis. As a Cannabis technology firm, the company is able to bring cannabis entrepreneurs and consumers together on an international scale.

This permits the firm to gain from other cannabis markets, like Australia, Canada and more. Technology will enable cannabis firms to set themselves apart in a growing crowded field. For cannabis customers, technology will offer ability to associate with their local vendors and shop at upcoming ecommerce store of www.weedwiser.com.

Jeff Sessions recently reported the withdrawal of the Cole Memo. The Cole Memo principally made federal cannabis execution a low priority and emphasis within states that had permitted cannabis for recreational purpose. Bayport International considers this news will benefit the cannabis market as it will now push Congress to act, post years of mainly discounting the problem. The Cole Memo was never stated to be a long term answer for the cannabis movement. It is vital to have real law that establishes a set of universal rules that can keep entrepreneurs and consumers safe. Now, it is up to Congress to create and respond real legislation.

Bayport International also considers that there remain protections within the latest Federal Budgets that will stop enforcement of Federal Regulations that are in opposition with State measures. The firm looks forward to keeping shareholders informed on industry changes and its own advancements as required.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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