Wednesday, September 20, 2023 8:38:42 AM
Although, I'm not currently aware of anything in the new Bill with provisions for a marijuana breathalyzer. I believe his thoughts on improving public safety and protecting small businesses, in relation to this Bill, stems from the need to move away from an all cash business model - which attracts crime, robberies, etc. of cannabis businesses. These businesses face large obstacles in regular banking, due to current laws, which restrict traditional ways of doing business. The purpose of the new Bill, is to allow marijuana businesses to participate in normal banking, as any other business model would. I'm sure there will be much more added in to the Bill, as with any other Bill. I guess we will have to wait and see what it brings...
There is so much stimulus on this entire sector moving forward, and Lifeloc is well positioned, and probably well timed in bringing their product to market. The two most recent advances that have given Lifeloc the upper hand with their technology, is the Department of Transportation's adoption of using Oral Fluid Testing, with a determined Cutoff Concentration of 4ng/ml for THC. This removes the barrier that has existed up until this point - just a couple months ago....
I see a long run ahead for the cannabis sector - leading into the Presidential election. Whether Lifeloc will participate, is yet to be seen, but I'm optimistic...
Best of luck everyone !
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