Today one of the leaders in the stock market is Cannabix Technologies (BLO) which is a leader in the marijuana breathalyzer development is leading the marijuana stock index with an increase by 18%.
As marijuana legalization comes closer there will be a need for law enforcement to test for impaired drivers.
Similar to testing for alcohol levels, there is no current method in testing for THC levels which is why many cases get thrown out that involve smoking marijuana and driving.
While there is competition in this space with US company Hound Labs, it seems that Cannabix is more likely to win the race being a publicly traded company that has risen from $0.57 to $3.16 in the last 3 months and a likely closer to a solution from its US competitor.
The Cannabix breathalyzer is a portable device that will be able to detect recent use of marijuana a within 2 mark. This non-invasive technology is different from other testing methods that involve urine and saliva which have thus far proven to be ineffective.
This technology can not only be useful for law enforcement to test THC levels but also for companies to test employees in the workplace where marijuana intoxication is considered hazardous.
All companies working on this technology are still in their testing phase however one thing is certain, there is a need for this technology and Cannabix is confident it has the solution.
Cannabix has received widespread notoriety being featured on many media platforms including Reuters, CNN, Time, Mashable, VICE and many others.
Cannabix Technologies has the patents and the experts that are focused on being first to market and early shareholders may see a nice return if their breathalyzer is the first to market and becomes a standard.
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