ADHC- American Diversified Holdings Corporation (A
Post# of 103062
DEL MAR, CA - December 07, 2017 -- InvestorsHub NewsWire -- American Diversified Holdings Corporation
(OTC PINK: ADHC) introduces Dash Coin implementation.
ABOUT THE US AND CALIFORNIA CANNABIS INDUSTRY
Approximately 24 states have legalized Medical Cannabis use and 8 states have legalized recreational use. California's legal marijuana sales likely will climb to $ 1.6 billion within the first year, according to an Arcview report.
California medicinal and recreational industry is projected to reach $6.5 billion in revenue by 2020, up from $2.8 billion in 2015, according to the report. The nation's legal cannabis industry is expected to climb to $23 billion in 2020, up from $5.7 billion in 2015. The state of Colorado recently reported 2016 revenues of $1.3 billion and tax revenues of $200 million. Recently, 27 US congressmen, both Republican and Democrat, have introduced a new law known as, "Respect the State Marijuana Laws Act," prohibiting federal prosecution for business in compliance with state law. This bill will formally legislate the current US policy.
ABOUT AMERICAN DIVERSIFIED HOLDINGS CORPORATION
American Diversified Holdings Corporation is a holding company that provides executive management, corporate governance, administrative support, financial advice, and introductions to capital sources to various micro-cap private and public companies that have proven revenues and business models.
Safe Harbor
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the Company's plans to change and are in no way intended to guarantee that the Company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter "Pink Sheets" under the symbol
ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no reference has been made that this release contains all such information.
Investor Contact:
Email :
adhcinvestor@gmail.com Phone: 858 259 4534
AddressO Box 2568
Del Mar, CA 92014