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
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.