Agritek Holdings Inc. Applauds US House Vote to Prohibit Department of Justice From Interfering With State Medical Marijuana ...
May 30 2014 - 9:15AM
Marketwired
Agritek Holdings Inc. Applauds US House Vote to Prohibit Department
of Justice From Interfering With State Medical Marijuana or
Industrial Hemp Programs
LOS ANGELES,
CA--(Marketwired - May 30, 2014) - Agritek
Holdings, Inc. (OTCQB:
AGTK) (http://www.Agritekholdings.com), a fully reporting
company on the OTCQB and leader in Compassionate Care Technology
and indoor/outdoor agricultural solutions for the medicinal
marijuana industry, today announced that the US House of
Representatives in session until after midnight, the lower chamber
of Congress cast a historic 219 to 189 vote to restrict the
Department of Justice and the Drug Enforcement Administration from
using taxpayer funds to interfere in state-sanctioned medical
marijuana programs.
This measure was co-sponsored by Rep. Sam Farr (D-Calif.), Reps.
Rohrabacher (R-Calf.), Don Young (R-Alaska), Earl Blumenauer
(D-Ore.), Tom McClintock (R-Calif.), Steve Cohen (D-Tenn.), Paul
Broun (R-Ga.), Jared Polis (D-Colo.), Steve Stockman (R-Texas), and
Barbara Lee (D-Calif.). 170 Democrats and 49 Republicans voted in
favor of the amendment, 172 Republicans and 17 Democrats voted
against it.
"It would be hard to overstate the importance of tonight's
vote," said NORML Communications Director Erik Altieri, "Approval
of this amendment is a resounding victory for basic compassion and
common sense."
The House also approved amendments that prohibit the DOJ and DEA
from using funds to interfere with state sanctioned industrial hemp
cultivation.
Recently, Agritek Holdings announced it has executed and closed
a lease agreement for 20 acres of an agricultural farming facility
located in South Florida bordering Lake Okeechobee and the
Loxahatchee River in Palm Beach County through its subsidiary
Agritek Venture Holdings Inc. The Company also owns an additional
80 acres in Pueblo County, Colorado presently zoned for production
of commercial Hemp. The Company's plans would provide
infrastructure, greenhouses, consulting and security to the
potential licensee once chosen by the state.
"We are extremely excited about this new development in the US
legislative branch and as additional favorable legislation becomes
law, we will continue to seek any opportunities within the
regulated states and Federal guidelines," stated B. Michael
Friedman, CEO of Agritek Holdings.
These amendments were made to the 2015 Commerce, Justice, and
Science Appropriations Bill, which now must be approved by the
Senate and then signed by President Obama. The Company will keep
you updated on this evolving situation.
See more
at: http://blog.norml.org/2014/05/30/us-house-votes-to-prohibit-doj-from-interfering-with-state-medical-marijuana-or-industrial-hemp-programs/#sthash.kxECvaN8.QBLlaTaN.dpuf
About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.Agritekholdings.com), the first
fully reporting Company and pioneer within the medicinal marijuana
space provides innovative patient and agricultural solutions seeks
to be the leader in Compassionate Care Technology for the medicinal
marijuana industry. Agritek Holdings provides real estate
management and health and wellness product lines including
beverages, vaporizers and accessories under the Mont Blunt ™ brand
(www.montblunt.com). Agritek Holdings Inc. does not directly grow,
harvest, or distribute or sell cannabis or any substances that
violate United States law or the Controlled Substances Act, nor
does it intend to do so in the future.
FORWARD-LOOKING DISCLAIMER:
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Agritek Holdings, Inc. to
be materially different from the statements made herein.
Contact: Agritek Holdings,
Inc. 561.249.6511www.Agritekholdings.cominfo@Agritekholdings.com
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