MEDICAL AND RECREATIONAL CANNABIS COMPANY
KAYA HOLDINGS, INC.
(OTCQB:KAYS)
APPLAUDS WHITE HOUSE PLEDGE OF
NON-INTERFERENCE IN STATE LEGAL MARIJUANA INDUSTRIES
Ft. Lauderdale,
Florida --
April
17, 2018 --
InvestorsHub NewsWire -- Kaya Holdings,
Inc. (OTCQB:
KAYS) applauds reports that
President Trump has provided assurances to Colorado Senator Cory
Gardner that federal agents would not interfere with the legal
cannabis markets in states permitting regulated recreational
and
medical use. In a statement
Senator Gardner said, "President Trump has assured me that he will
support a federalism-based legislative solution to fix this
states' rights issue once
and for all."
The
White
House confirmed Senator
Gardner's understanding is correct. "The President did speak
with Sen. Gardner yesterday, and again
today, said Press Secretary
Sarah Sanders in comments to
reporters Friday
afternoon." The president is a
firm believer in states'
rights, and
verified
Senator
Gardner's
account of the assurances he received from the president
were
accurate."
"We are pleased to
have the shadow cast on the industry in recent weeks by Attorney
General Sessions removed
through
the tireless advocacy of Senator Gardner and
others,"
commented
Craig Frank, CEO of Kaya Holdings. "As the industry continues to
grow and contribute to the economies and communities we
serve, the wisdom of the
President's pledge will become ever more obvious. It is our hope
that the President will continue to review current national policy
on cannabis and move to make U.S. companies more engaged globally
through the issuance of export licenses. By doing so, we can
transform the U.S. into a global cannabis powerhouse, providing
Kaya Holdings and other sector leaders with the legal framework
through which to sell internationally".
"Current policies have
caused a flight of billions of dollars in U.S. investment capital
to Canadian companies. Moreover, the legal marijuana
recreational and
medical industry employs an estimated
200,000 workers,
and is
estimated
to expand to
$75
billion dollars in North
America alone by
2030, with the tax
windfall for participating states in the multiple of
billions" added W. David Jones, Senior Advisor to Kaya Holdings.
"American cannabis industry investors and workers
contribute to the legal economy,
and their capital
and
jobs
should be protected no differently
than,
for example, steel
workers".
About Kaya Holdings, Inc.
(www.kayaholdings.com)
KAYS (OTCQB:KAYS), through subsidiaries,
produces, distributes or sells legal premium medical and
recreational cannabis products, including flower, concentrates and
oils, and cannabis-infused foods.
In 2014, KAYS, became the
first publicly traded company to own and operate a Medical
Marijuana Dispensary. KAYS presently operates three Kaya Shack OLCC
licensed marijuana retail stores to service the legal medical and
recreational marijuana market in Oregon, with the
4th store
opening expected by Q2 2018. (www.kayashack.com) Additionally, KAYS recently
acquired a 26 acre parcel which it has targeted for development of
the Kaya Farms Medical and Recreational Marijuana Grow and
Manufacturing Complex.
IMPORTANT DISCLOSURE: KAYS is
planning execution of its 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 US Attorney General Jeff
Sessions Memo dated January 4, 2018, and subsequent commentary from
US Attorney for the District of Oregon Billy Williams), and plan to
proceed cautiously with respect to legal and compliance issues.
Potential investors and shareholders are cautioned that KAYS and
MJAI 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 KAYS and MJAI, 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.
For more information
contact Investor Relations: 561-210-7664