Cannabix Technologies Inc (OTCMKTS:BLOZF): A Top Pick On Marijuana Legalization

Cannabix Technologies Inc (OTCMKTS:BLOZF) is looking to be one of the prime beneficiaries of the wave of cannabis legalization. As more states approve marijuana use, there will be more proactive attempts to regulate that consumption. For law enforcement, there's no better way to see if a user is "high" or not than with a breathalyzer. Cops love writing tickets and we will see them take the same approach to marijuana as they do with alcohol. DUI checkpoints will test drivers for alcohol and marijuana. This is where Cannabix Technologies fits in.Cannabix Technologies Inc is a leader in marijuana breathalyzer development for law enforcement and the workplace. The company has established breath testing technologies in the pursuit of bringing durable, portable hand-held tools to market to enhance detection of marijuana impaired driving offences on roads at a time when marijuana is becoming legal in many global jurisdictions.Cannabix is working to develop drug-testing devices that will detect THC - the psychoactive component of marijuana that causes intoxication - using breath samples. In particular, Cannabix is focused on developing breath testing devices for detection of recent use of THC, in contrast to urine testing for THC metabolite that requires an invasive collection and reflects use days or even weeks earlier. The devices will also be useful for other practical applications such as testing employees in the workplace where intoxication by THC can be hazardous.Last week, Cannabix released its first images of its Beta 2.0 Cannabix Marijuana Breathalyzer on its website. Images show components housed in a durable compact black box which has been reduced in size to be a portable device. The device encompasses the latest chip technology to improve speed performance, FAIMS detection technology, conventional battery and updated square wave generator. Cannabix believes that the Beta 2.0 Cannabix Marijuana Breathalyzer, which utilizes FAIMS detection technology, is the most sensitive and scientifically proven method of detection of volatile compounds found at trace levels in exhaled breath. Professor Richard Yost, Head of Analytical Chemistry at the University of Florida and Scientific Advisor on the FAIMS Cannabix Marijuana Breathalyzer said:

"When Cannabix first approached our lab with the goal of building a device that could detect trace amounts of THC through exhaled breath, we were excited to face the challenge. We have been able to use our expertise and patent in FAIMS technology and build a device that achieves the required sensitivity and specificity but also will be a handheld portable device, similar to alcohol breathalyzers. We are extremely pleased and proud to be working on the design of a portable Cannabix Marijuana Breathalyzer that will be used by Law Enforcement to collect evidence of impaired driving and ensure safety on our roads as marijuana use becomes accepted in society and its use continues to grow."

The next step for the company is testing. Positive test results and feedback will be major catalysts in taking shares higher. The results of the scientific test will be used to prepare submissions for approval of the Cannabix Marijuana Breathalyzer as a court-approved device by the Minister of Justice in Canada and the National Highway Traffic Safety Administration in the U.S. In addition, law enforcement officials and regulators for the Minister of Justice and the NHTSA will be consulted regarding additional features, roadside protocol, ease of use, and to define a final housing design for a finished product.On election night, voters in four states — California, Massachusetts, Nevada and Maine — chose to legalize recreational marijuana. In Florida, Arkansas, Montana and North Dakota, ballot measures passed allowing pot to be used for medical purposes. About 60 percent of Americans now live in a state where cannabis is legal or soon to be legal in some form. In Canada, Prime Minister Justin Trudeau was elected after including legalization of recreational marijuana. On April 20th, the Canadian Health Minister Jane Philpott announced that Canada would introduce legislation to decriminalize and regulate cannabis in spring of 2017.Image Source: StatistaCurrently trading with a market cap of $55 million, Cannabix is similar to what many refer to as a "pick and shovel" play, but with so much more potential. While "picks and shovels" serviced the gold boom whether miners struck gold or not, Cannabix is a direct play on marijuana regulation, which will happen whenever government is involved. More legalization will lead to more regulation. This is where Cannabix comes in and makes Cannabix one of the best plays for investors in the coming Green Rush. We will be updating our subscribers as soon as we know more. For the latest updates on BLOZF, sign up below!Disclosure: We have no position in BLOZF and have not been compensated for this article.