Nhale, Inc. (NHLE) Enters Due Diligence with Oregon Grower F Nhale, Inc. (NHLE) Enters Due Diligence with Oregon Grower Following Passage of State Legalization
Following passage of legislating which allows adults in Oregon to possess and grow marijuana for personal use, Nhale has entered into due diligence with a prospective Oregon grower. The development comes at a time when legalization of cannabis for recreational use is becoming more widespread. Earlier this week, voters in Oregon and Alaska followed Colorado and Washington state in passing legislation which legally permits recreational cannabis use.
Oregon already has a medical marijuana system in place. Entrepreneurs in Oregon are now taking steps to open retail shops. Just last week, Nhale inked a letter of intent with a private Oregon-based company and is now performing due diligence on its marijuana production capabilities. The company prospect has intent to apply for a permit from the state of Oregon to initiate operations on approximately 20 acres of land in western Oregon.
“We applaud the pioneering marijuana advocates in Oregon for their efforts in opening this market and dealing another blow to cannabis prohibition. We look forward to joining the promising marijuana market in the state and growing along with it as legalization continues to spread across the U.S,” said Lance Williams, President and CEO of Nhale.
Nhale is a technology company with a mission to be the premier legal cannabis industry innovator, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For more information, visit: www.nhaleinc.com/investors.html
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