|By Business Wire||
|April 15, 2014 08:08 AM EDT||
Axxess Unlimited, Inc. (OTC: AXXU) today announced their intent to expand into the medical and recreational marijuana sector by leveraging their proprietary technology platform to aid law enforcement in establishing safe THC levels and help marijuana users protect themselves from certain criminal and civil liabilities.
“Axxess is uniquely positioned to have a profound impact in one of the largest and fastest growing industries in the world. Due to our proven success with R.I.S.E.™ in monitoring, reporting and educating consumers in the alcohol industry, we are transitioning into the medical and recreational marijuana sector,” commented Michael Roth, Chairman and Chief Executive Officer.
On March 6th of this year, Rep. Jared Polis (D-Colo.) introduced a bill, the LUCID Act (Limiting Unsafe Cannabis-Impaired Driving) that would require states that have legalized recreational or medical marijuana to create a standard for determining when a driver is under the influence of pot. The bill does not require a federal “benchmark,” but does however, require states with legal recreational or medicinal marijuana to have “standards” in place. In the United States, unlike alcohol, there are no significant and reliable scientific studies that evaluate how THC (the principal psychoactive constituent of the cannabis plant) levels impair driving. “Providing the marijuana user with a way to collect impairment data for marijuana use is the first step in determining actual THC impairment levels.”
Twenty states and the District of Columbia now have laws legalizing marijuana in some form. To date, only Colorado and Washington State have legalized marijuana for recreational use, while other states permit medicinal marijuana. State agencies and legislatures have to make “best guess efforts” to determine THC impairment levels. Colorado is the first state where an individual can be charged with DUI if their blood shows more than 5 nanograms of active THC.
Medical and recreational marijuana is among the fastest-growing markets, and Axxess intends to grow along with it. Researchers surveyed hundreds of medical cannabis retailers, processors, dispensary owners and industry leaders over the course of six months last year, and estimated that more than $1.43 billion worth of state-authorized marijuana would be sold in 2013. The report also predicts that figure to grow by 64 percent, to $2.34 billion in 2014. By comparison, recent figures show the smartphone market expanded by 46 percent from 2012 to 2013, according to the second edition of the “State of Legal Marijuana Markets.”
About Axxess Unlimited, Inc.
Axxess Unlimited, Inc. (AXXU), a software development company headquartered in Scottsdale, Arizona, currently operates two divisions, Axxess Apps and Axxess Digital. Axxess Apps develops proprietary Ignition Interlock Data Processing software technology that dramatically improves the accuracy, security and robustness of the data which is produced by interlock manufacturers and is then sent to the State governing bodies. Axxess Digital develops the platforms to deliver Axxess Unlimited’s technology to the marketplace. For more information, please visit www.axxessunlimited.com.
This press release may contain forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are not guarantees of the Company’s future performance and are subject to risks, uncertainties and other important factors that could cause actual performance to be materially different from what is projected. Investors are cautioned that forward-looking statements involve risks and uncertainties, which include among others, the risk that third-party information is not accurate, as the Company undertakes no obligation to independently verify such information, the risk that opinions regarding the Company’s patent may not be accurate, the risk that legal and regulatory developments will not occur as anticipated, and the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks described in the Company's periodic public disclosures filed with OTC Market Groups, Inc. and available online at www.otcmarkets.com.
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