Kush Bottles CEO Comments on Historic Election for Cannabis Legalization
SANTA ANA, Calif., Nov. 9, 2016 /PRNewswire/ -- Kush Bottles, Inc. (OTCQB: KSHB), a supplier of packaging supplies, accessories, and branding solutions for the legal cannabis industry, announced that its Co-Founder and CEO, Nicholas Kovacevich, commented on the election, in which several states voted to legalize marijuana.
"Our nation now sees that legal cannabis is not a Democrat or a Republican issue," Kovacevich stated. "Medical and adult use cannabis was approved in states that voted for candidates from both parties," he added. "Cannabis is no longer about politics. It is about the benefits of having a regulated industry that provides jobs, tax revenues, and opportunities – with transparency and accountability."
Four states approved recreational, adult use cannabis. An additional four states approved cannabis for medical use.
Here is a summary of cannabis election results:
California: The 6th largest economy in the world legalized the adult use of marijuana. Already the largest cannabis market in the nation with only medical use approved, experts are projecting significant growth in the sector.
Massachusetts: 53% of voters supported adult use, recreational cannabis in the state. This may also provide impetus for neighboring states, notably New York, to enact similar legislation.
Nevada: With over 42 million visitors each year, the state's newly approved adult-use cannabis market has immense potential.
Maine: Adult use, recreational cannabis is now legal in two northeast states with the passage of Question 1 yesterday in Maine.
Florida: The vote on Amendment 2 passed with 71% in favor of introducing medical marijuana. Florida, with a population of over 19 million, is the first state in the south to legalize cannabis for adult use.
North Dakota: Voters passed Measure 5, with 64% voting in favor of allowing medical marijuana access.
Arkansas: Voters passed Issue 6, allowing medical marijuana access, with 53% voting for the ballot measure. Along with Florida, this vote is significant for the extension of medical marijuana in the South.
Montana: 57% of voters supported the ballot measure that rolled back restrictions, to open-up the market that was initially approved in 2004.
"Twenty-nine states, plus Washington, D.C. will now have a regulated, legal cannabis system. We will look back on this election as a tipping point for the nation, and for the cannabis industry," Kovacevich said.
For more information on Kush Bottles, visit: www.kushbottles.com
About Kush BottlesKush Bottles (OTCQB: KSHB) is a is a packaging supplier, offering certified child-resistant and custom-branded solutions in all states that permit the sale of medical or recreational cannabis, and in Canada. With over 100 million bottles sold, the company is respected for its quality products, exceptional customer service, fast deliveries, and innovative custom design and branding solutions.
Kush Bottles is a publicly traded company, and one of a few cannabis-related businesses with demonstrated revenue growth and profitability, without direct involvement with cannabis plants or extracts.
The Company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and Inc. Magazine.
For more information, visit www.kushbottles.com or call (888)-920-5874.
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Forward Looking StatementThis press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: "potential," "look forward," "believe," "dedicated," "building," or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the United States Securities and Exchange Commission (SEC), available at: www.sec.gov, and on our website, at: www.kushbottles.com.
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SOURCE Kush Bottles, Inc.