Marijuana Legalization Progress: California Democrats Back Legalization In Party Platform


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03/14/2014 [ACCESSWIRE]

March 14th, 2014 / Corona, CA / ACCESSWIRE / Extreme Biodiesel, Inc. (XTRM) today announced through its wholly owned subsidiary XTRM Cannabis Ventures that California Democrats Back Marijuana Legalization In Party Platform.

California Democrats recently approved a party platform that includes a plank calling for marijuana legalization, marking a major shift for the state party.

The San Francisco Chronicle reported, state party delegates moved Sunday to adopt a platform that includes support for "the legalization, regulation and taxation of pot in a manner similar to that of tobacco or alcohol." The platform was adopted by a nearly a unanimous voice vote. 

California Lt. Gov Gavin Newsom, formerly the mayor of San Francisco, made the case for the position change during the Democrats' 3-day convention in Los Angeles.

"It's time for all of us to step up and step in and lead once again in California, just as we did in 1996. We did just that with medical marijuana," Newsom said during his address at the convention. "But for almost 20 years now, we've sat back admiring our accomplishment while the world, the nation, and states like Colorado and Washington have passed us by. ... It's time to legalize, it's time to tax, it's time to regulate marijuana for adults in California."

Newsom further stated, "This is not a debate about hippies. This is not a debate about stoners. We can't diminish this issue or the people involved in this debate by belittling them and trivializing them. Let me be clear. You can be pro-regulation without being an advocate for drug use."

Marijuana legalization has strong support in California, with recent polls showing a clear majority of Californians in support of taxing and regulating the drug.

XTRM President Joseph Spadafore Stated "We are positioning ourselves in California for when recreational legalization eventually passes.  We just closed on a 40 acre parcel with plans of developing a major Hemp and Marijuana Cultivation Facility. XTRM is also investigating commercial property for dispensary possibilities in Washington and Colorado."

Recent XTRM Announcement

XTRM today announced that its wholly owned subsidiary XTRM Cannabis Ventures has just closed escrow the 40 acre parcel in California with plans to cultivate Hemp and Marijuana as well as the construction of a massive indoor grow facility and container park.

XTRM Cannabis Ventures has plans to develop the 40 acres to accommodate up to at least five 20,000 sq ft warehouses for indoor marijuana / cannabis growth, 20 acres for outdoor Hemp cultivation for biodiesel, an industrial center to process marijuana / cannabis into smokeless products and a Medical Marijuana Container Park.

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 

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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