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 [email protected].
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.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
For further information, please see http://www.dutchgoldinc.com/ or please contact Daniel Hollis, CEO of Dutch Gold Resources, Inc. at 404-981-7424.
Source: Dutch Gold Resources, Inc.