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Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III
Sannabis, Inc. (OTC: USPS) Announces First Shipment of Cannabis Essential Oil from Colombia to U.S. to Fill First Order, as the DEA Re-Classifies Marijuana from Schedule I to Schedule III.
About this update from Ultimate Sports Inc.
[{"type":"text","content":"\n CALI, Colombia, May 02, 2024 (GLOBE NEWSWIRE) -- Sannabis, Inc. f/k/a Ultimate Sports, Inc. (OTC: USPS) (the ‘Company’), a company with fully licensed cannabis operations in Colombia, announces its first shipment this week of pure Cannabis Essential Oil (CEO) to the U.S. They have obtained the required documentation to ship through DHL and other global carriers. Click here to see Sannabis’ Essential Oil Data Sheet and Declaration of Origin. The oil will be used to make products to fill an order for thousands of their Sannabis NO LICK! Terpene Spray, designed to elevate the cannabis experience by harnessing the power of cannabis terpenes by working in synergy with THC and CBD. NO LICK! is first being rolled out in convenience stores in the Boston area, and then will be distributed across the country. Samples of pure essential oil are also being sent to U.S. food and beverage companies interested in adding cannabis terpene aroma, flavoring, and therapeutic benefits to their existing global brands, without breaking federal marijuana laws by using terpenes derived from U.S. grown cannabis. Terpenes are aromatic compounds found in cannabis that not only contribute to the distinctive flavors and aromas of different strains, but also play a crucial role in enhancing the effects of cannabinoids like THC and CBD, terpenes alone contain no THC or CBD. This phenomenon is known as the Entourage Effect. Forbes recently reported that EEG scans show CBD Products are More Effective For Relaxation With Terpenes. The cannabis industry has witnessed significant growth globally, with various countries legalizing or decriminalizing cannabis. Although its being reported the DEA is declassifying marijuana, U.S. cannabis stocks declined yesterday because they still have significant hurdles to climb, and are currently operating at 70% effective tax rate. Both Colombia and the U.S. are key players in this industry, but there are distinct advantages for Colombian cannabis producers over their U.S. counterparts. Colombian Cannabis Producers: 1. **Low-Cost Production: ** Colombia offers ideal conditions for cannabis cultivation along the Equator, including abundant sunlight, optimal humidity, and favorable soil quality. These natural advantages translate to lower production costs compared to many other regions, ...