Cannabix Technologies Inc (BLOZF)

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Americans' Favorable Outlook on the Cannabis Market

NEW YORK, February 17, 2017 /PRNewswire/ -- http://www.otcmarkets.com/stock/BLOZF/news

According to a recent report by Streetwise Reports estimates that the cannabis market crossed $6.7 billion from the U.S. alone in 2016, and that sales of cannabis are set to rise to $22.8 billion in the U.S. by 2020. Despite some concerns regarding how the new administration is going to favor the Cannabis industry, the perception of Americans seems to be shifting. Four states in the U.S. voted in favor of legalization on November 8th of 2016. The results on Election Day confirm that the cannabis industry has a stronger support among Americans than ever before. A study conducted by Pew Research in the U.S. found that the percentage of adults in favor of marijuana legalization is an astounding 57%. Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO.CN), Cannabics Pharmaceuticals Inc. (OTC: CNBX), Insys Therapeutics Inc. (NASDAQ: INSY), Zynerba Pharmaceuticals Inc. (NASDAQ: ZYNE), Cara Therapeutics Inc. (NASDAQ: CARA)

The legal cannabis industry, despite the positive sales projections has some challenges. Salon reported that Sam Kamin, professor of marijuana law and policy at the University of Denver's Sturm College of Law, said that California is uniquely challenged in marijuana legalization in ways Colorado wasn't when it legalized recreational-use marijuana in 2012. One issue is size - California, the world's seventh-largest economy, has a lot of weed growers who come from a long outlaw tradition of growing pot illegally. "Bringing those people into the system will be the number one challenge," Kamin told Salon. "If they can't keep the black market under control then an expansive regulatory system just isn't going to work."

Cannabix Technologies Inc. (OTC: BLOZF) (CSE: BLO.CN) is a developer of the Cannabix Marijuana Breathalyzer for law enforcement and the workplace. Just yesterday, the company provided a, "development update on its FAIMS Beta 2.0 (field asymmetric waveform ion mobility spectrometry) based marijuana breathalyzer for the detection of 9-tetrahydrocannabinol ("THC") in human breath. Development in Gainesville, Florida and Vancouver, BC is progressing well and the Company expects to begin pre-trial live subject testing during the month of March.

Since introducing the Beta 2.0 version of the Cannabix Marijuana Breathalyzer in late 2016, Company scientists have been engaged in developmental testing, method development, and continuously improving the design of the device. At the same time, experiments have been done with THC to characterize the individual parts of the instrument and improve the efficiency of human breath collection and sampling.

The Cannabix Marijuana Breathalyzer consists of proprietary components including a generator enabled by the latest chip technology to provide extremely fast high-voltage square wave transitions that significantly improve chemical separations, and a novel plasma ionization source that provides efficient ionization with a relatively small footprint. The Company anticipates completing developmental testing of the Beta 2.0 device within the next month while preparing for preliminary human subject testing."

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