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North American Cannabis Holdings Targets Estimated $8 Billion California Recreational Marijuana Market As Prime Opportunity For A Retail Payment System Solution

Tuesday, 15 November 2016 08:30 AM

North American Cannabis Holdings, Inc.

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DALLAS, TX / ACCESSWIRE / November 15, 2016 / North American Cannabis Holdings, Inc. (OTC: USMJ) recently announced entering into a Letter of Intent agreement with Alternet Systems, Inc. (ALYI). The agreement is a first step toward a more comprehensive contract in which the two Companies would combined resources to introduce a cannabis retail payment system.

Last week, North American Cannabis Holdings announced opening an office in California. The business development office had been in the works for some time in anticipation of California passing Proposition 64 legalizing recreational marijuana. A recent Forbes feature includes an estimate that the California marijuana market may grow to over $8 billion from its current $2 billion now that recreational marijuana is legal in the State.

In anticipation of a comprehensive contract between Alternet and North American Cannabis Holdings coming together by the end of the year, Alternet has been added to the new North American Cannabis business development office in California.

To learn more about North American Cannabis Holdings: growusmj.com.
Follow the Company on Twitter: US_HEMP
To learn more about Alternet Systems: alternetsystems.com
Follow the Company on Twitter: AlternetSystems

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.

USMJ Contact:

Steven Rash
Phone: +1-972-528-0162
Email: [email protected]

SOURCE: North American Cannabis Holdings, Inc.

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