SAN DIEGO, CA--(Marketwired - Jul 26, 2013) - The OTC Journal, the longest running electronic newsletter focused on the small cap and microcap sectors, notes Nuvilex's (
At present, Marijuana use is estimated at $54 billion in the US. It is legal for prescribed use in 18 states. Two states, Colorado and Washington, have legalized marijuana use for recreational purposes. The Justice Department has clearly stated a "no prosecutions" policy for prescribed medicinal use. No such statement has been forthcoming regarding recreational use, and interested parties are anxiously awaiting clarification from Attorney General Eric Holder.
The 2012 elections created a storm of interest in the sector when voters in Washington and Colorado legalized small amounts of marijuana for recreational use in their states. About 20 small public companies enjoyed major price and volume appreciation -- anywhere from 100% to 2500%.
5 states currently have pending legislation to legalize medicinal marijuana use: Illinois, Minnesota, New York, Ohio, and Pennsylvania. New Hampshire became the 19 th to legalize physician prescribed Marijuana use this past week.
Two states have recently decriminalized the possession of small amounts: Texas and Vermont.
A comprehensive drug policy report, 400 pages in length, was released by the Organization of American States this past May. The report gave considerable weight to the legalization or de-penalizing of Marijuana. The report points out the US has spent many billions attempting to stop the flows of Marijuana with little effect.
Since Nuvilex (
The coming 2013 elections are likely to bring new legalization initiatives and create a resurgence of interest in the stocks of Cannabis related companies.
Nuvilex (
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About Nuvilex, Inc. (
OTC Journal Larry Isen Publisher editor@otcjournal.com