February 13th, 2014 / Corona, CA / ACCESSWIRE / Extreme
Biodiesel, Inc. (XTRM) today announced through its wholly owned
subsidiary XTRM Cannabis Ventures that U.S. President Barack Obama
has been asked by members of Congress to use his authority to
reclassify marijuana stating in a letter that marijuana’s current
status “makes no sense”.
Eighteen Members of Congress joined together today in calling on
President Obama to use his authority to reclassify marijuana from
its current position as a dangerous drug, alongside heroin and LSD,
with no medical value.
A letter, signed and sent by federal legislators Wednesday
February 12th, 2014 states that marijuana’s current
status “makes no sense,” and requests that President Obama
“instruct Attorney General Holder to delist or classify marijuana
in a more appropriate way.”
“Classifying marijuana as Schedule I at the federal level
perpetuates an unjust and irrational system,” read the
Congressional letter. “Schedule I recognizes no medical use,
disregarding both medical evidence and the laws of nearly half of
the states that have legalized medical marijuana.” In a separate
statement, the letter’s lead author Congressman Earl Blumenauer
(D-OR) said that reclassifying marijuana “is a step the
administration can take to start to rationalize federal marijuana
policy to bring it in line with the advances that are happening in
the states.”
In addition to Representative Blumenauer, the Congressional
letter sent to President Obama Wednesday was co-signed by
Representatives Steve Cohen (D-TN), Sam Farr (D-CA), Raúl M.
Grijalva (D-AZ), Mike Honda (D-CA), Jared Huffman (D-CA), Barbara
Lee (D-CA), Zoe Lofgren (D-CA), Alan Lowenthal (D-CA), James
McGovern (D-MA), James Moran (D-VA), Beto O’Rourke (D-TX), Jared
Polis (D-CO), Mike Quigley (D-IL), Dana Rohrabacher (R-CA), Jan
Schakowsky (D-IL), Eric Swalwell (D-CA), and Peter Welch
(D-VT).
The CSA gives authority for rescheduling controlled substances
to Congress, but it also grants executive branch authority to the
U.S. Attorney General and the DEA. “President Obama just told the
nation during his State of the Union address that because Congress
has been unable to act, he would take executive action where he
could on behalf of helping the American people,” said Steph Sherer,
Executive Director of Americans for Safe Access (ASA), the
country’s largest medical marijuana advocacy group. “The president
has the authority to reclassify marijuana and could exercise that
authority at any time.”
This Congressional letter comes less than two weeks after
President Obama told The New Yorker magazine that
marijuana was less dangerous than alcohol.
XTRM President Joesph Spadafore stated “We are positioning XTRM
Cannabis Ventures to be ahead of the curve. As legalization
on a federal level occurs we plan on being able to capitalize on it
sooner rather than later. This is a rapidly going sector and
we are very excited to be part of it.”
Previous Announcement
XTRM Cannabis Ventures a wholly owned subsidiary of Extreme
Biodiesel has opened escrow on a 40 acre parcel in California with
plans to cultivate Hemp and Marijuana as well as the construction
of a massive indoor grow facility.
XTRM Cannabis Ventures plans to develop the 40 acres to
accommodate up to five 20,000 sqft warehouses for indoor
marijuana / cannabis growth, 20 acres for outdoor Hemp cultivation
for biodiesel, and an industrial center to process marijuana /
cannabis into smokeless products.
Other Relevant Links
Letter from Congress to Obama
http://blumenauer.house.gov/images/stories/2014/02-12-14%20Blumenauer%20Rescheduling%20Letter.pdf
Legalization of Hemp
http://www.marketwatch.com/story/victory-for-hemp-farmers-as-us-house-of-representatives-legalizes-the-cultivation-of-hemp-2014-02-03?reflink=MW_news_stmp
About Extreme Biodiesel and XTRM Cannabis
Ventures
Extreme Biodiesel is an alternative fuel and recycling company.
Our mission is to provide a cost-effective, high-quality
alternative diesel fuel, create "green" jobs, reduce the
environmental impact of fossil fuels and diminish US reliance on
foreign oil. Extreme Biodiesel is currently repositioning itself
into a holdings corporation with focuses on Bio Diesel, Real
Estate, Technology and Cannabis Sectors
XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme
Biodiesel focused in the sector of Medical Marijuana, Cannabis and
Hemp related products.
XTRM Cannabis Ventures Disclaimer
The Company would like to assure all investors that in all
cannabis related actions the Company is conferring with counsel to
be sure any business activities are deemed legal. XTRM
advises all investors to see the website being developed at
http://xtrmcannabisventures.com
Investor Relations Contact
info@extremebiodiesel.com
855-736-7360
Safe Harbor Disclaimer
Forward-Looking Statements are included within the meaning of
Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
regarding our expected future financial position, results of
operations, cash flows, financing plans, business strategy,
products and services, competitive positions, growth opportunities,
plans and objectives of management for future operations, including
words such as "anticipate," "if," "believe," "plan," "estimate,"
"expect," "intend," "may," "could," "should," "will," and other
similar expressions are forward-looking statements and involve
risks, uncertainties and contingencies, many of which are beyond
our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. XTRM is under no obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
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