Dicamillo, the Schumer news is great! This is just the beginning, so hold on to your shares.
I believe Lifeloc is the best positioned company in this space. They already have a great existing customer base from their line of alcohol breathalyzers. They know the regulatory compliance and standards conformity government agencies require in a breathalyzer, as well as calibration standards. Their technology using the SpinDx platform allows a whole array of testing for other drugs than just THC, including cocaine and methamphetamines,
If they can incorporate the marijuana breathalyzer into their RADAR System, this would set them apart from competitors, and greatly increase the market. It would allow biometric user identification, immediate reporting through a cellular network to a secure portal with gps coordinates and time stamp of each test. The market would expand to not only police doing field sobriety tests, but include Department of Corrections to manage pre-trial, probation or parole clients, DUI and Drug Courts for rehabilitation monitoring, supporting the recovery, treatment, and restoration of clients to be contributing members of society. The units could aid wellness courts in monitoring clients, and help break the cycles of drug and alcohol addicted people, as well as in Family Law where the client would be monitored and provide samples during time spent with court ordered visitation of their children to provide a safe environment.
This expands the market greatly, and Lifeloc is the leader here. I also believe that the US government will prefer to purchase equipment made by a US company, as President Biden signed the Executive Order strengthening Buy American, ensuring the future of America is made in America, by American workers. Lifeloc is based in the Us, whereas a main competitor is not.
Best of luck to all...
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