DENVER, CO -- (Marketwired) -- 07/14/14 -- Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), the leader in providing state regulatory compliance, financial services and asset protection to the lawful cannabis industry, announced that the Company was featured in Sunday, July 13th's edition of 'USA Today' in an article titled, "Pots of Marijuana Cash Cause Security Concern."
The article highlights the complex security, compliance and financial issues facing the legal marijuana industry and how Blue Line Protection Group is employed by several dispensaries in Colorado to mitigate these risks. The USA Today story mentions that Blue Line is working with banks to offer financial alternatives for marijuana businesses that include vault services in addition to its armed guard and armored transportation services to protect these companies' assets and products.
Quoted in yesterday's USA Today article was Steve Hudak, a spokesman for the Treasury Department's Financial Crimes Enforcement Network, who commented, "Our goal is to promote financial transparency and make sure law enforcement receives the reporting from financial institutions that it needs to police this activity and to make it less likely that this financial activity will run underground and be much harder to track."
CEO of Blue Line Protection Group, Sean Campbell was also interviewed for the article, commenting, "We are pleased that Blue Line was once again featured in the national media as a leading authority in providing security, legal and financial compliance to the cannabis industry. This article specifically brings to light the financial and compliance issues facing our clients in addition to the security of their assets and product. Providing unique financial compliance services for dispensaries and grows is a key component of Blue Line's offerings as we plan to serve as the bridge between marijuana businesses in the US and federally legal banking and financial services.
"Blue Line's compliance services make it easier for all authorities, both state and federal, to police the marijuana industry by providing details on every transaction and movement of product from grow to sale. Our third party forensic accounting is, we believe, the best way to demonstrate transparency as it tracks every payment of tax and its reconciliation with every sale to the owners of these businesses and where possible, their banking affiliations," added Mr. Campbell.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides state regulatory compliance, financial services and asset protection for businesses engaged in the legal cannabis industry. The company's security personnel are highly trained professionals with significant experience in the U.S. Armed Forces, Special Forces, and law enforcement. Blue Line provides top-tier asset protection from "seed-to-sale," currently serving marijuana dispensaries in Colorado, with operations in Washington and Nevada. For more information, visit www.BlueLineProtectionGroup.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.