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PetalFast Lands Extensive Press Coverage Around Passage of MORE Act and Wana Edibles Release

CNBC.COM, December 5, 2020


PetalFast Lands Extensive Press Coverage Around Passage of MORE Act and Wana Edibles Release

In a week that became historic for the “legalize marijuana” movement, with the House of Representatives passing the MORE Act by a vote of 228-164 on December 5, Arun Kurichety, COO and general counsel for Petalfast, a Merida portfolio company, told CNBC's “The News with Shepard Smith” that the act is more of a symbolic step in the right direction. “The passage of the MORE Act is a great step in terms of recognizing the injustices present in the criminal justice system," said Kurichety, "but unfortunately, this is all largely symbolic as the bill has little chance of passing the Senate - until and unless - the Democrats are able to secure a majority in the Senate. Hopefully, this act will help continue to shed a light on reversing injustices and promote additional growth in the industry as reflected by the public support and passage of various state laws legalizing cannabis.” The MORE Act, which marks the first time that Congress has ever voted on the issue, would decriminalize cannabis and erase non-violent federal marijuana convictions. It stands almost no chance in the Senate, which means no chance of becoming law. Petalfast is a first-of-its-kind full spectrum sales and marketing agency for the cannabis industry. In addition to CNBC, the story was picked up by several local news outlets, Benzinga, Yahoo! Finance and more. For the full CNBC video and accompanying story, click here.