In an attempt to utilize the opportunities offered in growing marijuana edibles industry, PPJ Healthcare Enterprises Inc (OTCMKTS:PPJE) has designed a new plan in the producing and distributing of pot edibles. It is intended to be done on a massive scale as California has given its nod for recreational marijuana and its home state Florida has approved legalization of medical marijuana.
Chandana Basu, the CEO of PPJ, said that recreational use being legalized in California and they being the sole public registered entity in the State, will receive immense benefits from this development. They have completed the tested process and learned the preparation of many edibles using marijuana. This list of edibles includes cookies, honey, ketchup, cupcakes, mayonnaise and many other.
The management intends to put their full focus on designing the business expansion plans and work with partners to get the highest quality food items using marijuana. Other than California, Maine, Massachusetts and Nevada have legalized use of recreational marijuana for anyone over 21 years’ age to smoke pot. Other than these states, the other states that are challenging the Federal Government decision of classifying marijuana under Schedule 1 drug, includes Alaska, Oregon, Colorado, the District of Columbia and Washington.
Over 20% of Americans are in states where use of marijuana is legalized. A recent poll carried out by Gallup found countrywide backing for legalization of marijuana at 60%.
Prior to this update, PPJ Healthcare has closed a billing deal with a pain management provider based in California. Commenting on this deal, the CEO said that medical billing is their specialty, and they have excelled in billing all medicine specialty for over 25 years. They are the best in billing segment, this statement has been supported by most of the physician customers of company over the years.
In the last trading session, the stock price of PPJ Healthcare jumped 100% to close the day at $0.00020. The gains came at a share volume of 219.06 million compared to average share volume of 147.54 million.