Medical Marijuana Sector Services To Be Provided b
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Posted On: 03/13/2014 11:23:59 PM
Medical Marijuana Sector Services To Be Provided by Dutch Gold Company to Provide Specialized Financial and Business Services
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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
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Alert
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
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