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Pineapple Express Elaborates on Desert Hot Springs (DHS) Project Expansion on the Heels of New Legislation
Pineapple Express Elaborates on Desert Hot Springs (DHS) Project Expansion on the Heels of New Legislation.
About this update from Pineapple, Inc.
[{"type":"text","content":"\n\n LOS ANGELES, Feb. 02, 2016 (GLOBE NEWSWIRE) -- PINEAPPLE EXPRESS, INC. (OTC Pink:PNPL) (the “Company”), a publicly-traded company that offers cannabis industry consulting, technology, investments, turn-key property rentals, and branding concepts to businesses in the legal cannabis industry, commented on external factors that may directly benefit its Desert Hot Springs, CA 8.82 acre cultivation compound project.   \n According to various news reports more than 160 California cities and counties have proposed or already enacted bans within their city or county limits on commercial and/or personal cultivation of medical cannabis. They were responding to state laws approved late last year, collectively known as the Medical Marijuana Regulation and Safety Act (MMRSA), which allow municipalities and counties to enact their own rules governing medical cannabis through March 1, 2016. Based on the new regulations, following March 1, 2016, regulations were to be the sole purview of the state. However, in response to what some have called the \"banapalooza\" that resulted due to the proposed deadline, state legislators pushed through emergency measures last week that removed the March 1st deadline imposed on all cities to enact commercial cultivation rules and regulations. The Company expects that cities that haven't already banned commercial cultivation will have time to research and potentially enact sensible laws instead of outright bans. It is unclear when the cities that haven’t already banned or proposed bans will eventually permit commercial cultivation within their city limits. \"Cities that have a framework in place allowing cannabis cultivation facilities to exist, like the City of Desert Hot Springs, will have an obvious economic benefit ahead of other cities that don’t. A lot of credit is due to the City of Desert Hot Springs for being way ahead of the curve on this one as they will be one of the first California cities to receive annual tax revenue from these canna-businesses,” stated Theresa Flynt VP of Business Development for Pineapple Express, Inc. “The legal cannabis industry is a reality and the state's new regulations finally initiate a framework for legal operations.\" \"We are the benefactor of a perfect storm of legislative changes and a vacuum that exists where our ...