Canada to legalize Pot> I'm buying TWMJF+ACBFF som
Post# of 103048
others to consider > IMLFF , ATTBF , OGRMF, SPRWF <
VANCOUVER, BC / ACCESSWIRE / March 27, 2017 / Abattis Bioceuticals Corp. (OTCQB: ATTBF) (CSE: ATT) (the "Company" or "Abattis", and its subsidiary, Northern Vine Labs, is anticipating the Liberal government's upcoming announcement, next month (the week of April 10th), on legislation that will legalize recreational marijuana use across Canada by July 1, 2018.
As reported by the CBC, Trudeau's government will follow the recommendations of a federally appointed task force, led by former liberal Justice Minister Anne McLellan, and in doing so, will look to deliver on their controversial campaign promise of introducing legislation by the Spring of 2017.
The report outlines that the federal government will be in charge of making sure the country's marijuana supply is safe and secure, with Ottawa responsible for handing out licenses to producers. A key factor in this discussion is that provinces will have the right to decide how the marijuana is distributed, sold, and at what price. While Ottawa has set a minimum age limit of 18 to buy marijuana, the provinces will have the option of setting a higher age limit, if they wish.
This report further confirms the unique position and macro-timing in which Abattis and its subsidiary, Northern Vine Labs, a Health Canada Dealers Licensed cannabis testing laboratory, will have the privilege to operate in. Last week, High Times magazine published this report, stating that Lab Testing will represent the Next Billion Dollar Market opportunity within the Marijuana industry. Following a string of pesticide and contamination scandals and leading to numerous pending class action lawsuits, industry analysts believe there will be increased demand for accurate and reliable cannabis testing to ensure product cleanliness and safety.
To combat this problem, Health Canada recently announced random testing on the 39 licensed producers in Canada. In addition, the board of the Cannabis Canada Association voted unanimously on March 9th, 2017, to implement mandatory product testing among all its members. The association, which represents Aurora and 14 other Health Canada-licensed producers of medical marijuana, recommended that testing should screen for contaminants including bacteria, heavy metals, and unapproved pesticides. It also called for those test results to be made public, for consumers to see.
Northern Vine Labs is set to open its doors for product testing next month (April 2017) and looks forward to contributing to the safety of Canada's budding, and soon to be legal, marijuana industry. Management will continue to provide updates in the weeks leading up to this event.