Curaleaf Responds to Miller Amendment to NDAA / Farm Bill
Curaleaf Holdings (CURLF), a major player in the cannabis sector, responded to the House Committee on Agriculture's approval of the Miller amendment to the 2018 Farm Bill. The amendment, introduced by Mary Miller (R-IL), aims to roll back the Farm Bill. Curaleaf's Executive Chairman, Boris Jordan, expressed disagreement with the amendment, emphasizing the company's support for hemp farmers and the importance of maintaining safety and age standards for hemp-derived products. Jordan advocated for a unified regulatory framework for all cannabinoids to combat illicit market dangers. Curaleaf remains committed to medical and adult-use cannabis consumers and community initiatives.
- Curaleaf supports hemp farmers, potentially strengthening industry relationships.
- Advocating for unified regulatory frameworks might position Curaleaf as a leader in industry standards.
- Commitment to safety and age standards enhances Curaleaf's public image and consumer trust.
- Curaleaf's engagement in community initiatives like 'Rooted in Good' could improve brand loyalty and social responsibility perception.
- The Miller amendment's attempt to roll back the Farm Bill could create regulatory uncertainties, impacting Curaleaf's business operations.
- Disagreement with a significant legislative amendment may lead to political and regulatory challenges.
"We disagree with yesterday's amendment filed by Mary Miller (R-IL), which is an attempt to roll back the Farm Bill," shared Executive Chairman Boris Jordan. "We support hemp farmers, and we believe that hemp-derived products made within the guidelines of the Farm Bill should be available to adults with strict age gating and safety standards. We believe there should be one regulatory framework for all cannabinoids, and that all legal players in the hemp-derived product market must adhere to the same safety and age restrictive standards in order to combat the dangers of the illicit market – just as in cannabis."
Curaleaf remains committed to the destigmatization of cannabis through its service of medical patients and adult-use consumers and the development of its community-based initiatives, including Rooted in Good. For more information about Curaleaf, please visit https://curaleaf.com.
About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, JAMS, Find and Zero Proof provide industry-leading service, product selection and accessibility across the medical and adult use markets. Curaleaf International is the largest vertically integrated cannabis company in
Forward Looking Statements
This media advisory contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or, "proposed", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Farm Bill Amendment. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed on March 6, 2024, which is available under the Company's SEDAR profile at http://www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. The Toronto Stock Exchange has not reviewed, approved or disapproved the content of this news release.
INVESTOR CONTACT
Curaleaf Holdings, Inc.
Camilo Lyon, Chief Investment Officer
IR@curaleaf.com
MEDIA CONTACT
Curaleaf Holdings, Inc.
Tracy Brady, SVP Corporate Communications
media@curaleaf.com
View original content:https://www.prnewswire.com/news-releases/curaleaf-responds-to-miller-amendment-to-ndaa--farm-bill-302154960.html
SOURCE Curaleaf Holdings, Inc.
FAQ
What is Curaleaf's position on the Miller amendment to the 2018 Farm Bill?
How could the Miller amendment impact Curaleaf (CURLF)?
What initiatives does Curaleaf support?
What does Curaleaf advocate for in terms of cannabinoid regulation?
