Marijuana Stocks News

$BLPG #Wins Licenses to Open Operations in Nevada

Blue Line Protection Group Wins Licenses to Open Operations in Nevada

DENVER, CO, Mar 26, 2015 (Marketwired via COMTEX) — Blue Line Protection Group, Inc. BLPG, +0.00% (otcqb:BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced that it is now fully licensed to provide its suite of protection, transportation and compliance services to clients in Nevada.

“With the medical marijuana industry coming online in Nevada, this presents a massive growth opportunity for Blue Line,” said Sean Campbell, Blue Line’s Chief Executive Officer. “We can now help ensure that Nevada clients are operating completely legitimate businesses, transporting and securing their products responsibly, and able to respond to all reporting requirements of state and federal licensing and regulatory agencies.”

Blue Line Protection Group, Inc. will operate under the Private Investigator license #2034A and Private Patrolman license #2034B, both issued to BLPG, Inc., with Ricky G. Bennett, Blue Line’s Vice President of Operations and Compliance, listed as the qualifying agent.

Blue Line’s on-site operations and compliance consultants will also help Nevada marijuana businesses develop transparent relationships with banks, offering the industry-leading independent, third-party compliance solution to financial institutions that need to comply with federal guidelines, including Cole Memo and FinCEN requirements.

“Public safety has always been our primary objective here in Colorado, and our on-site security and compliance services are now available to the Nevada market,” said Mr. Bennett. “Now, we can deploy our established framework of security and transportation services to the lawful cannabis industry in Nevada, just as we’ve done in Colorado and other states. We help ensure that our clients are providing their medical marijuana responsibly and according to state law, they’re validating and verifying all of their clients and keeping marijuana out of the hands of minors, and their products are not being moved illegally across state lines. Those are just a few of the compliance standards we monitor and validate that require on-site, trained investigative professionals.”

While Blue Line Protection Group will ensure safe and secure operations for the new Nevada marijuana industry, its subsidiary, Blue Line Advisory Services, will provide complete bookkeeping services to its clients, as well. “Our goal is to streamline and simplify the day-to-day bookkeeping duties these businesses face,” said Patrick Deparini, Blue Line Protection Group’s Chief Financial Officer. “By doing so, we reduce our clients’ operating costs, we help ensure their compliance with the myriad of local, state and federal regulations, and we provide them with peace of mind with our guarantee of audit protection services. Monitoring and tracking the amount of cash involved in any cannabis business — as well as complying with the myriad of laws specific to the industry — makes having an experienced bookkeeper a must.”

“Blue Line Protection Group established itself as the leader in cannabis protection and compliance services, and our expansion into Nevada signals our dedication to create a secure and responsible industry across the nation,” added Mr. Campbell. “For those in Nevada who want to operate safe and legitimate medical marijuana establishments, we have a message for them: We’re open for business.”

About Blue Line Protection Group, Inc. Blue Line Protection Group provides secured transportation, 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,

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.


Blue Line Protection Group, Inc.

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