HOUSTON, TX / ACCESSWIRE / February 26, 2015 / Nhale Inc.'s (OTCQB:NHLE) CEO Lance Williams today commented on the bill introduced last Friday by U.S. Rep. Jared Polis (D-Colorado) calling for legalization of marijuana at the federal level. "Public support for marijuana has clearly increased over the past decade and a firm legal regulatory approach such as with alcohol now makes more sense than today's prohibition approach," said Williams.
Williams said prohibition has failed to control the use and domestic production of marijuana, which is now the largest cash crop in the United States. Nhale is actively pursuing acquisition opportunities in this market and is in talks with a corporation in Oregon regarding a collaborative effort to acquire multiple legal wholesale grow operations and dispensaries.
As the trend toward legalization continued to spread across the nation, the U.S market for legal recreational and medical marijuana grew 74 percent last year, according to researchers from ArcView Group, a cannabis industry investment and research firm.
"Despite the risk of arrests and other sanctions, marijuana proponents have persevered in their support for legalization," said Williams. "The issue will simply not go away. I believe marijuana will eventually be legalized throughout the nation because advocates will continue to fight for it until they prevail."
In 2013, a Gallup Poll reported 58 percent of Americans favored legalizing the use of marijuana, compared to just 12 percent of U.S adults in 1969 and 34 percent in 2003.
Last Tuesday, Alaska became the third U.S. state to legalize the recreational use of marijuana for adults. Twenty-three states currently have laws legalizing marijuana in some form. Other states have passed medical marijuana laws allowing for limited use of cannabis, and in some states criminal penalties have been eliminated for small amounts of pot.
About Nhale, Inc. (OTCQB: NHLE)
Nhale(TM) is a U.S. company actively pursuing acquisition opportunities in the rapidly expanding marijuana industry. Nhale acquires companies with valid business models positioned to make a significant impact within the medical and recreational cannabis market. NHLE brings operating talent, tools and leadership to emerging companies in the space, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For further information visit http://nhaleinc.com/investors.html
Forward-Looking Statements
Certain information provided in this press release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our EDGAR securities filings with the Securities and Exchange Commission. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in the marijuana market; the results of product development and the result of our efforts to develop strategic relationships, partnerships and potential acquisitions that are in line with our business model; outcome of partnership negotiations; the uncertainty of market estimates; changes in environmental and other regulations; risks associated with retail operations; and other factors, many of which are beyond the control of the Company. There is no representation by Nhale that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Nhale assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Contact
Nhale, Inc.
Lance Williams, President and CEO
281-671-6877
SOURCE: Nhale, Inc.