IRVINE, CA -- (Marketwired) -- 08/30/13 -- SK3 Group, Inc. (PINKSHEETS: SKTO) ("the Company") applauds the announcement today from the US Department of Justice ("DOJ") that it will exercise its enforcement powers under the Controlled Substances Act, and its criminal investigation and enforcement powers and its civil enforcement powers, with respect to those states where marijuana activity is being regulated by state authorities with constraint to certain well thought out principles.
The complete text of the DOJ release can be found here:
and the complete text of the specific memorandum issued to prosecutors can be found here:
This announcement follows on the heels of President Obama announcing this past December that it does not make sense for the federal government to go after recreational drug users in a state that has legalized recreational use of small amounts of marijuana, and after numerous survey results in the past six months showing that a majority of the American public favors legalization of use in some form. It comes within weeks of the CNN broadcast of Dr. Sanjay Gupta's enlightening documentary on the same subject.
Under the new DOJ approach, the size of the "marijuana operation" relating to marijuana will no longer be determinative, by itself, of a government decision to investigate or prosecute, but rather just one factor to consider along with among other things whether a "marijuana operation" is in compliance with a strong and effective state regulatory system.
"This sea change in approach reflects true leadership by the DOJ and bodes well for the growth of the medical marijuana industry in California and elsewhere," said Company Chairman Kevin Allyn. "Now, if they obey the state regulatory requirements, collectives, for their patients, can focus on acquiring the quality products they need to maintain their patients' quality of life without the fear of federal intervention that used characterize their business life. We salute the Obama administration in this forward and practical approach to one of the fastest growing regulated businesses in the United States."
About SK3 Group, Inc.
SK3 is a healthcare logistics and fulfillment consultancy focused on the delivery of alternative care and medicine. With seasoned management, breakthrough technology and best practices, SK3 brings standardization and transparency to this rapidly growing segment of the alternative care field.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and no responsibility or obligation may be assumed or exists to update the information included herein for events occurring after the date
Add to Digg Bookmark with del.icio.us Add to Newsvine
Investor Relations Contact
TEL: 855-868-7577 (Dial 1 for direct IR)
Most Popular Stories
- Americans Still Pessimistic Despite Economic Growth
- Illinois Issues Fracking Rules
- Detroit Muslim Conference Stirs Controversy
- Startups Offer Smartphone Banking Apps
- 'Longmire' Cancelled, Looks for New Network
- Hip-Hop Takes Up Ferguson Cause
- Clippers Deal Started With 2 Numbers
- Echeveste Steps Down, Perez Steps Up at VPE
- Immigration Delay Throws Both Parties a Curve
- Canada, Russia Go to War (on Twitter)