HOLLYWOOD, Fla., Feb. 11, 2014 /PRNewswire/ -- Alternative
Fuels Americas, Inc. (OTC: AFAI) announced today that its
subsidiary Marijuana Holdings Americas, Inc. is pursuing its first
licensing arrangements in Oregon.
Oregon has just recently released
rules for its licensed medical marijuana facility (MMF) program,
with the application process set to begin March 3, 2014. After consultations with
Oregon based legal counsel, the
Company's current plans are to pursue more than one licensed
operation in Oregon, through a
wholly owned Oregon domiciled
subsidiary. The Company shall operate in conjunction with local
Oregon resident(s) who serve as
the legally required "PRF" (Person Responsible for Facility),
thereby fulfilling State residential and licensing
requirements.
The Company further announces that it has retained the services
of Oregon CannaBusiness Compliance Counsel, LLC. (OC3) a
leading industry law firm which includes Leland R. Berger, attorney at law and
Leia Flynn, an industry insider and
expert. The Company has also retained John
C. Lucy IV, an Oregon
attorney expert in the emerging legal cannabis sector.
"We have selected Oregon for
both grow and retail operations", states CEO Craig Frank, "because we believe it will be one
of the next states to legalize recreational marijuana, and having a
strong footprint in the state allows us to be well positioned as
the market further develops. We are delighted to have
OC3 on our team to guide us and provide a strong
foundation in Oregon, our first of
many anticipated markets".
The Company has established its roadmap for a comprehensive and
integrated entrance into select markets with legal marijuana, as
well as states with laws pending. In all, the Company has
identified ten markets within which it intends to focus.
"We are approaching the legal marijuana business as we would any
other venture – building a well-conceived strategy which we can
then carefully and thoughtfully execute", continues Mr. Frank. "Our
plan is to enter the markets that lawfully permit marijuana
cultivation and sales and establish a brand and infrastructure that
supports further growth as the market expands and more states
legalize marijuana for both medicinal and recreational uses".
About Oregon CannaBusiness Compliance Counsel, LLC.
(OC3)
OC3 is led by Portland attorney and activist Leland R. Berger. Mr. Berger has 30 years
experience in private practice including his statewide
representation of medical marijuana patients and their providers
for the past 18 years. Co-drafter of the Oregon Medical Marijuana
Act and several dispensary and legalization initiatives and bills,
his activism includes citizen lobbying, public speaking and
protester defense. Mr. Berger is a member of the National Cannabis
Industry Association, the National Organization of Marijuana Laws
(NORML) Legal Committee and his awards include High Times' Freedom
Fighter of the Month (August 2001)
and NORML's Citizen Activist Award 2010.
About John Lucy IV
John C. Lucy IV is a graduate of
the School of Law at The University of North
Carolina at Chapel Hill, and worked in Washington, D.C. with NORML before moving to
Portland, OR to open his own law
firm in 2007. A Lifetime Member of the NORML Legal Committee, Mr.
Lucy's work includes issues of human rights, civil liberties, drug
policy reform, and sentencing reform. He has been featured in High
Times magazine, and has been interviewed/appeared on NPR, CBC, CNN,
and CourtTV as well as other media outlets.
About Alternative Fuels Americas (AFAI)
AFAI (OTCQB: AFAI) is a disruptive sectors company seeks to
identify and enter early stage business opportunities that mark a
significant change in the status quo from which to extract value
for its shareholders. The company's alternative fuels division has
pioneered the development of above ground oil fields in
Central America and continues to
innovate clean fuel - recently focusing on aviation fuel.
Marijuana Holdings Americas
AFAI's subsidiary, Marijuana Holdings Americas, Inc. was founded
to enter the rapidly growing medical and recently legalized
recreational marijuana market with the goal of securing new medical
and recreational marijuana licenses, potentially acquiring existing
Cannabis production/sales operations and evaluating related
business opportunities, subject to legal compliance and advice of
counsel.
IMPORTANT DISCLOSURE: AFAI and Marijuana Holdings Americas are
planning execution of their stated business objectives in
accordance with current understanding of State and Local Laws and
Federal Enforcement Policies and Priorities as it relates to
Marijuana (as outlined in the Justice Department's Cole Memo dated August
29, 2013), and plan to proceed cautiously with respect to
legal and compliance issues. Potential investors and shareholders
are cautioned that AFAI will obtain advice of counsel prior to
actualizing any portion of their business plan (including but not
limited to license applications for the cultivation, distribution
or sale of marijuana products, engaging in said activities or
acquiring existing Cannabis production/sales operations). Advice of
counsel with regard to specific activities of AFAI, Federal, State
or Local legal action or changes in Federal Government Policy
and/or State and Local Laws may adversely affect business
operations and shareholder value.
Forward Looking Statements
This press release includes statements that may constitute
"forward-looking" statements, usually containing the words
"believe," "estimate," "project," "expect" or similar expressions.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
acceptance of the Company's current and future products and
services in the marketplace, the ability of the Company to develop
effective new products and receive regulatory approvals of such
products, competitive factors, dependence upon third-party vendors,
and other risks detailed in the Company's periodic report filings
with the Securities and Exchange Commission. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release.
Contact Investor Relations: 561-210-7664
SOURCE Alternative Fuels Americas, Inc.