Legalizing Medical Marijuana Gaining More Momentum in Mid-Term Election Year
March 06 2014 - 9:00AM
Marketwired
Legalizing Medical Marijuana Gaining More Momentum in Mid-Term
Election Year
NEW YORK, NY--(Marketwired - Mar 6, 2014) - Plandaí
Biotechnology (OTCQB: PLPL) is one of a handful of publicly traded
companies that are eagerly anticipating the legalization of medical
marijuana nationwide. Currently the drug is legal medicinally
in 20 states and Washington, D.C., but in this election year, that
number is likely to grow. In each national election year, the
frenzy begins again and with it, a growing momentum that has the
U.S. drawing closer to a nationwide acceptance.
Between dramatically shifting polls, Dr. Sanjay Gupta's
documentary Weed that highlights a number of patients who
saw stunning improvements after using medical marijuana, and an
uptick in activity in the Obama Administration, momentum is at an
all-time high in favor of legalizing the drug. In November,
mid-term elections will see voters heading to the polls to take up
the legalization issue on a number of state ballots including
Florida and Alaska.
Alabama, Georgia and South Carolina are also states considering
legalization laws, and along with Florida, these states could help
shape the fight in the South. The movement to legalize medical
marijuana is obviously necessary for public companies like Plandaí
to introduce cannabis based products on a much larger scale.
Plandaí is working to transform the world of nutraceuticals by
making available extracts from live plant material that deliver the
highest levels of bioavailability currently in the market. The
company recently added cannabis as another botanical Plandaí will
obtain live plant material from in order to generate a line of
products. Plandaí's Phytofare™ cannabis extracts will be
branded under the Diego Pellicer Gold label, and legalization will
allow the company to produce and market these products to a much
wider audience.
As the debate plays itself out, former Microsoft executive Jamen
Shively has been tapped to brand and market Plandaí's cannabis
extracts. Shively, co-founder of Diego Pellicer, Inc., has
witnessed the growing momentum and he anticipates legalization
nationwide sooner rather than later.
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