Medical Marijuana Sector Services To Be Provided by Dutch Gold Company to Provide Specialized Financial and Business Services
March 13 2014 - 7:45PM
Access Wire
Atlanta, GA / http://www.myprgenie.com/ via ACCESSWIRE
/ March 13, 2014 / Dutch Gold Resources, Inc. (DGRI.OTC)
(the "Company") (www.dutchgoldinc.com) today announced that it has
entered the financial and business services industry with a special
focus on the medical marijuana sector. Shareholders and other
interested parties are requested to request additional information
by emailing info@DutchGoldInc.com.
The US national legal marijuana market value is now assessed at
$1.44 billion, comprising all states that have active and open
sales of cannabis to people legally allowed to possess it under
state law. The national market is projected to grow 64 percent from
current levels to $2.34 billion by 2014.
The five-year national market potential is $10.2 billion, which
is more than a 700 percent increase above the current national
market value. Gains will come in the form of increased demand in
existing state markets, as well as from new state markets coming
online within a five-year horizon.
Current banking laws in the United States make it inadvisable
for national banks to deliver services to companies whose business
is legal on an intrastate basis but not on an interstate
level. As such, significant opportunities exist to present
non-bank "banking solutions." The Company believes that there
are opportunities in merchant services and transaction
facilitation. It intends to build platforms to support retail
sales, and to build brand loyalty programs.
Many mainstream financial institutions and banking organizations
said they will need to see concrete changes to marijuana's federal
classification under the Controlled Substances Act before they will
work with the industry.
Separately, the Company has analyzed the need for capital to
support the growth plans of entrepreneurs as laws emerge in each
state. Since traditional lending is unavailable from major
banks, the Company intends to identify and connect alternative
lenders with potential borrowers by establishing state specific
platforms to insure compliance within each state.
Further, Dutch Gold has identified distinct business services
that will be needed as MMJ entrepreneurs launch and grow their
businesses. According to IBIS World, there were over 1.1
million businesses engaged in the medical marijuana industry in
2013. The Company believes that it is well positioned to establish
a significant presence by offering services to this industry.
Forward-Looking Statements
This press release contains forward-looking statements that
reflect the Company's current expectation regarding future events.
Actual events could differ materially and substantially from those
projected herein and depend on a number of factors. Certain
statements in this release, and other written or oral statements
made by Dutch Gold Resources, Inc. are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. You should not
place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors,
which are, in some cases, beyond the Company's control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. The Company assumes no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Important factors that could cause actual
results to differ materially from the company's expectations
include, but are not limited to, those factors that are disclosed
under the heading "Risk Factors" and elsewhere in documents filed
by the company from time to time with the United States Securities
and Exchange Commission and other regulatory authorities.
For further information, please
see http://www.dutchgoldinc.com/ or please contact Daniel
Hollis, CEO of Dutch Gold Resources, Inc. at 404-981-7424.
Source: Dutch Gold Resources, Inc.