PharmChem Laboratories Inc (PCHM)

[LMLYP]

Drug Testing

Trump Signs Unemployment Drug Testing Bill Into Law. President Trump last Friday signed into law a bill sponsored by Sen. Ted Cruz (R-TX) that will allow states to expand the pool of unemployment benefits applicants who can be drug tested. The bill undid an Obama administration rule that limited unemployment drug testing to professions where drug screenings are the norm. The bill passed Congress with no Democratic support in the Senate and only four Democrats in the House.

http://www.stopthedrugwar.org/chronicle

If there is anything of significance to this, for PCHM, I will update, but drug testing tied in to government benefits (federal, state, welfare, unemployment, food stamps, etc.) is a very old story.

From what I have read, it is not the most cost effective, in other words, people who receive benefits are less likely to use drugs, but do not take my word.

For example, here is a story on Maine, from the same periodical, and how little testing they do ...

Drug Testing

Maine Tests Few Welfare Recipients Under New Law. Since 2015, only 23 people have set off enough drug screening alarms to be tested under the state's welfare drug testing law. That's about 0.01% of welfare recipients in the state. Of those, 11 lost temporary cash assistance benefits after testing positive, while four more lost benefits for refusing to undergo the test. The Le Page administration blames Democrats, saying they limited drug screenings to people drug felonies, and is behind bills this year to expand drug screenings of cash assistance applicants, prohibiting food stamps for repeat drug offenders, and requiring treatment for first-time drug offenders.

With that said, like many of the topics I post, emails have been sent to PCHM. I have asked the company to do many things, including more information when their new website comes out.

There will be a new website per the shareholder letter.

DIVIDEND ME.

PCHM