It’s been a busy few days for cannabis reform. Lawmakers from multiple states just approved new legalization bills in committee. For example, the Hawaii Senate Committee on Public Safety, Intergovernmental and Military Affairs just approved legislation that could allow adults 21 and older to possess and purchase cannabis from licensed retailers, as reported by Marijuana Moment.
Minnesota just approved a bill to legalize cannabis. Should it pass, it would allow adults 21 and older to purchase ad possess up to 1.5 ounces of cannabis, and cultivate up to eight plants. New Mexico approved a comprehensive cannabis legalization bill. A measure to legalize cannabis in North Dakota cleared the state’s House Human Services Committee.
In addition, at the federal level, some lawmakers want to introduce legislation that could start reversing the current ban on cannabis. Helping, far more Americans now favor legalization. In fact, a Gallup poll shows support at a new high of 68% from 66% year over year. All are powerful catalysts for companies, such as Tilray Inc. (NASDAQ:TLRY), Aphria Inc. (TSX:APHA)(NASDAQ:APHA), Aurora Cannabis (NYSE:ACB)(TSX:ACB), and Trulieve Cannabis Corp. (CSE:TRUL)(OTC:TCNNF).
It’s Also a Powerful Catalyst for Pure Extracts Technologies Corp.
Pure Extracts Technologies Corp.(CSE:PULL)(OTC:PRXTF)(XFRA:A2QJAJ) for example, just announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has submitted an application to Health Canada to amend its license to permit the sale of cannabis extract products to provincially authorized distributors and retailers nationwide.
The Company recently announced a distribution agreement with large Canadian Licensed Producer to distribute Pure Extracts’ vape and edible products through their established provincial distribution channels and thus, Pure Extracts expects to have significant sales momentum for its ‘Pure Pulls’ and ‘Pure Chews’ branded products by the time the Company receives its sales licence amendment from Health Canada.
Pure Extracts is continuing to develop its portfolio of cannabis 2.0 products with emphasis on its 34 proprietary formulations of ‘Pure Pulls’ branded full spectrum oil (FSO) vape products and on its new line of ‘Pure Chews’ edible gummies being produced under licence from Taste-T, LLC, the manufacturer of Fireball cannabis gummies.
Pure Extracts CEO, Ben Nikolaevsky, remarked, “This milestone dovetails perfectly with our recently signed distribution agreement; we have all our bases covered now and we will quickly and efficiently get our vape and edible products to retail buyers across Canada .”
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