More states expected to enter medical marijuana arena
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--
As more states introduce bills authorizing medical marijuana use, Puget
Technologies (OTCBB:PUGE) reports its subsidiary, Cannabis Biotech, is
placing high focus on developing the highest quality cannabis products
to meet the increasing need.
Puget Technologies President and CEO Ron Leyland said, "As the use of
medical marijuana becomes more widespread, patients will be looking for
the same qualities they expect from any other medication, including ease
of use, effectiveness and dosing accuracy. Cannabis Biotech is working
to fill industry needs for these types of reliable products."
Medical marijuana legislation is pending in Minnesota, New York and
Pennsylvania and these states may soon join the 20 states which
currently permit its use. According to The Street, medical marijuana is
clearing another hurdle - the ability of dispensaries to use banks.
Concerned with regulator repercussion, banks have been hesitant to deal
with marijuana revenue. That may begin changing since Bank of America
recently said it would start accepting the transactions.
Additional information about Cannabis Biotech can be found at http://www.cannabisbiotech.com.
About Puget Technologies ( PUGE )
Puget Technologies is a publicly traded company on the OTCBB Market
stock exchange which acquires, develops and sells leading edge consumer
oriented products ready for rapid commercialization. Product lines under
development include B-29 Energy Drinks and several medical marijuana
products through its subsidiary, Cannabis Biotech. Much of Puget's
resources are dedicated to research and development to provide consumers
with quality options while meeting investor expectations.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange act of
1934, as amended, including statements that include the words
"believes," "expects," "anticipates," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially from
those expressed or implied by such forward looking statements. In
addition, description of anyone's past success, either financial or
strategic, is no guarantee of future success. This news release only
speaks as of the date of its distribution.
Source: Puget Technologies