Business
USEI Continues to Prepare for the Legal California Cannabis Market and Sent Staff to Train How to Operate Its Newly Acquired Extraction Equipment
USEI Continues to Prepare for the Legal California Cannabis Market and Sent Staff to Train How to Operate Its Newly Acquired Extraction Equipment.
About this update from Us Energy Initiatives
[{"type":"text","content":"\n\n SANTA CLARITA, CA, Dec. 26, 2017 (GLOBE NEWSWIRE) -- \n USEI CANNABIS INITIATIVES  CORP, a wholly owned subsidiary of US ENERGY INITIATIVES CORPORATION, INC. (OTC PINK: USEI) a California based company, has purchased its first MRX 20L Super-critical CO2 Botanical Extraction Unit to be used for the express purpose of participating in the California cannabis industry. Last month, USEI announced that it has purchased its first MRX 20L CO2 Extraction Unit to be utilized in California's Legal Cannabis Industry. Last week, USEI took a team of five to Camby, Oregon for training, a mandatory step required to be ready to participate in this amazing legal marketplace. On January 3, 2018, California (the largest black market for cannabis in the world) becomes the largest legal cannabis market in the world, with an estimated market of approximately $6.8 billion dollars. This unit is the first of many that will be procured in 2018 to help provide  California's industry with this vital extracted resource. This oil is the most significant product produced in this legal industry, and the most profitable sector of this industry. According to Anthony Miller, CEO, \"Last week our team went to Oregon for training to become familiar with our equipment; once we are ready to take delivery we will have on-site training under real world conditions. We bought and paid ‘in full’ ($190k) for our first MRX 20 Liter Supercritical CO2 Xtractor and our goal is to acquire 2 more units in 2018 (Additional information about the MRX technology can be found at http://mrxxtractors.com/, and our website www.useicannabis.com/web or our Facebook page). These devices require 9-18 pounds of cannabis daily (500 pounds per month). The MRX technology is arguably the best available non-violate cannabis extraction device on the planet, extracting the highest yield per pound and the best quality cannabis oil; we believe that it provides us with an added advantage over other available technologies. “At the moment of this press release… there are only a handful of companies that have received licenses for operating in this legal market; and in the next 4-6 months California will be issuing licenses to participants in three phases. The state of California has gone to great lengths to level the playing field...