QualityStocks would like to highlight
Nhale, Inc. (
OTCQB: NHLE). The company develops and sells leading-edge technology in alignment with its mission to become a recognized, premier innovator in cannabis cultivation, dispensaries, testing and scientific products. Nhale explores innovations that will position the company on the front lines of the marijuana revolution.
In the company’s news,
Nhale announced it is in discussions with an Oregon-based, private company with marijuana production capabilities. The intent is to grow cannabis should the state legalize recreational marijuana in tomorrow’s election on November 4th. The company under consideration plans to apply for a permit from the state to begin operations on a 20-acre parcel in western Oregon. This venture aligns with NHLE’s goal to acquire revenue-generating assets in the legal cannabis industry.
Measure 91, The Oregon Legalized Marijuana Initiative, is on the November 4, 2014 ballot as an initiated state statute. If approved by voters, the measure will legalize recreational marijuana for people ages 21 and older thus allowing adults over this age to have up to eight ounces of “dried” marijuana and up to four plants.
In Oregon, data shows 14.5 percent of the state’s population uses marijuana, compared to about 10.8 percent of Americans. These figures give Oregon one of the highest rates of marijuana use in the U.S. Oregon also has one of the oldest medical marijuana programs in the US, established in 1998, just two years after the first was created in California. State economists estimate Oregon will gain between $17.5 and $25.9 million in tax revenues in the first years of legalization with one fifth of the consumption expected to come from tourists.
Lance Williams, President and Chief Executive Officer of Nhale, said, “We have been carefully investigating prospects in the marijuana industry. With legalization taking place in multiple markets, we are seeking experienced, proven collaborators in this expanding and highly profitable space.”
Currently legal for medical or recreational purposes in 23 states, data suggests marijuana could become legal nationwide in some capacity in a few years. In an interview with the Huffington Post, Rep. Earl Blumenauer (D-Ore.) said, “I think it’s game over in less than five years,” referring to the downward trend of legal prohibitions of cannabis in the U.S.
Nhale™ is a technology company whose mission is to be the premier legal cannabis industry innovator, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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