SOURCE: Blue Line Protection Group

Blue Line Protection Group

February 10, 2015 08:00 ET

Blue Line Protection Group Expands Security Solutions for Medicine Man's Cannabis Dispensaries and Grow Facilities

DENVER, CO--(Marketwired - Feb 10, 2015) - Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced the expansion of its security services for Medicine Man, one of Colorado's largest lawful cannabis establishments.

Blue Line's former law enforcement and military professionals will be managing all security operations at Medicine Man's two locations in Denver and Aurora. Blue Line will provide customer validation and verification, interior and perimeter security, camera monitoring and armored transportation services for cannabis product and the dispensaries' cash tax payments to government revenue agencies. The expansion of Blue Line's services increases its gross revenue from Medicine Man from $194,000 to about $390,000 per year.

"Expanding our relationship with Blue Line Protection Group makes perfect business sense," said Sally Vander Veer, Medicine Man's Controller. "Having Blue Line handle security operations among all of our dispensaries and grow facilities saves us money over supplying our own security personnel. It also ensures that we maintain the same high-quality customer service and security operations and helps us provide a safe and secure retail experience for our customers and staff."

"The tide is turning in the lawful cannabis industry," said Sean Campbell, Blue Line's Chief Executive Officer. "Traditionally, many marijuana businesses have been supplying their own staff to provide security and move their own cash and product. However, it's just not cost effective for them, and it's potentially dangerous for untrained staff tasked with protecting highly valuable product. Since we have the established infrastructure of cannabis protection and compliance services, we can leverage that presence and help these businesses operate more safely and economically."

Medicine Man's original retail location in Denver opened in 2010 and quickly made a name for itself as one of the state's largest medical marijuana stores. It became the first to apply for its recreational marijuana license and grew to become one of the largest marijuana dispensaries in Colorado.

"We're pleased to expand our relationship with Medicine Man," said Ricky G. Bennett, Blue Line's Vice President of Operations and Compliance. "By assuming responsibility for their security operations, we're better able to respond to their security requirements and provide customized solutions that leverage our industry-specific compliance and security expertise."

In addition to providing its complete suite of security and transportation services, Blue Line also conducts on-site compliance audits for lawful cannabis businesses, designed to assist banks with meeting federal requirements for marijuana-related businesses. Blue Line investigators perform state and federal compliance assessments to collect the necessary data to demonstrate its clients are operating responsible and legitimate businesses, in line with federal requirements as outlined in the Cole Memo, as well as FinCEN and BSA standards.

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, visit www.BlueLineProtectionGroup.com.

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.

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