Let's take a look at some more numbers:
The U.S. government will conduct a study this year examining “marijuana as a causal factor in traffic crashes” under legislation President Obama signed into law last month.
As part of the review, the Department of Transportation will look at methods for detecting marijuana-impaired driving, including ways to differentiate the cause of driving impairment between alcohol and cannabis.
The report will also include recommendations on “effective and efficient methods for training law enforcement personnel, including drug recognition experts, to detect or measure the level of impairment of a motor vehicle operator who is under the influence of marijuana by the use of technology or otherwise.”
The new federal provisions mandating additional study on marijuana and driving are part of a $305 billion highway funding bill that President Obama signed on December 4.
Let's be conservative here and say 2% of this highway funding bill will go towards this government review on methods for detecting marijuana-impaired driving and keeping our roads safe. 2% of $305 Billion gives us $6.1 Billion to work with. Let's now say that Lifeloc is able to capture just 2% of this funding amount. We get a figure of $122 million.
I can not think of a more well positioned company in the public space that is a better fit for a portion of this funding:
(From their website)
Lifeloc makes the world safer from alcohol and drug abuse by delivering superior products, services and value to our customers.
We supply the highest quality drug testing supplies creating a one stop shop for all your safety testing needs.
Lifeloc exists to make the world safer from the harmful effects of alcohol and drug abuse.
*LCTC is still a company with a market cap less than $30 million so this thing has some room to run. There are multiple reasons we could/should see this company trading at new all time highs.
