DENVER, CO -- (Marketwired) -- 08/20/14 -- Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced that the Company has entered into a new contract with Medicine Man to provide armed guard services for its retail cannabis dispensary in Denver, CO.
Blue Line Protection Group will provide armed security guards for Medicine Man's retail location in Denver for a period of one year according to the new contract. Additionally, the Company will provide armored transportation of the dispensary's cash tax payments to the department of revenue on a monthly basis.
Opened in 2010, Medicine Man quickly became one of the state's largest medical marijuana dispensaries and was the first to apply for a license to distribute recreational marijuana. Medicine Man is currently one of the largest single marijuana dispensaries in Colorado and was featured in Time Magazine earlier this year highlighting its plans to embark on a $2.6 million expansion including a 20,000-square foot retail space and expand into a national franchise upon individual states' legalization of marijuana.
Sally Vander Veer, Medicine Man's Controller, commented, "Blue Line Protection Group's armed guards are vital to the success of Medicine Man. They are the first point of contact for all customers who enter our store and as such, we ask them to be friendly and welcoming while enforcing rules and regulations and they succeed every time. We consider Blue Line's guards to be part of our team and an essential component to creating a positive and safe customer experience. I see them going above and beyond their responsibilities as security guards and feel safe knowing they are on site every day."
"Our industry is faced with many obstacles including operating on a primarily cash-only basis. This creates several logistical and security issues that are handled professionally by Blue Line as they are the only company we trust with our transport needs for both product and cash," added Vander Veer.
"Blue Line is pleased to continue its successful working relationship with one of the largest and most established recreational and medical dispensaries in Colorado, Medicine Man, through this new security contract. By providing the most effective and friendly armed security and armed transportation services for our clients, Blue Line has become a critical positive component of their overall business and as a result, we expect and look forward to growing with Medicine Man as they expand in the future," commented Sean Campbell, CEO of Blue Line Protection Group.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides state and federal regulatory compliance, security consultation and training, and professional protection services to high-value asset industries. The company's security operators, investigations personnel and consulting staff are highly trained professionals with significant experience in law enforcement and the United States armed forces. 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.