2020 Elections Create Unique Opportunity for Helix Technologies Other OTC:HLIX – GlobeNewswire

Denver, CO, Nov. 10, 2020 (GLOBE NEWSWIRE) — via NewMediaWireHelix Technologies, Inc. (OTCQB: HLIX) (the “Company”), the leading provider of critical infrastructure services to the legal cannabis industry, is preparing to participate in the 5 states that have increased access to legal cannabis for their citizens this election.  New Jersey, Montana, and Arizona all expanded their medical programs to adult use, South Dakota legalized medical and adult use marijuana, and Mississippi voted to legalize medical cannabis.
While cannabis legalization has been gaining ground nationally over the last few years, the 5 for 5 sweep of state-level ballot measures sent a clear message that the American people are overwhelmingly in favor of cannabis legalization with measures passing in both deep red and deep blue states.Furthermore, the ballot measures will increase the total addressable market by at least 20mm state residents with tens of millions more living adjacent to newly minted recreational markets.  While state-level ballot initiatives received the most attention, local measures could also increase market size as new municipalities allow adult use sales, including 6 densely populated Chicago suburbs.  The measures could increase retail sales by billions of dollars in the coming years and represent a tremendous opportunity for both plant touching and ancillary cannabis businesses.While the ballot measures will have components taking effect from late 2020 all the way through 2022, there are significant opportunities for growth in both the government and commercial sectors.  Although Arizona and New Jersey do not currently employ tracking systems, a recreational program without a viable traceability platform has never been tried, so it is likely that they will consider implementing one.  South Dakota and Mississippi are also likely to explore the options for track and trace.  Furthermore, with the growing demand for cannabis that comes with adult use, there will undoubtedly be expansion

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