SOURCE: Blue Line Protection Group

Blue Line Protection Group

November 20, 2015 08:00 ET

Blue Line Protection Group Presents Compliance and Protection Strategies to California's New Cannabis Regulatory Board

DENVER, CO--(Marketwired - Nov 20, 2015) - Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing armed protection, regulatory compliance and secured transportation services to high-value asset industries, today announced it has been invited to share its expertise and present its strategies for responsible cannabis transportation and protection to the California State Board of Equalization.

"Blue Line has always worked to establish responsible and consistent procedures for creating a safe and responsible legal cannabis industry," said Daniel Allen, Blue Line's chief executive officer. "Our presentation to California's new cannabis regulatory organization demonstrates that Blue Line is the authority in legitimate, transparent cannabis operational procedures."

Today's meeting, to be held in Sacramento at the California State Board of Equalization, is expected to attract around 200 viewers in person, via telephone or via live stream on the Internet. Ricky G. Bennett, Blue Line's vice president of operations and compliance, will be presenting attendees and regulatory board members strategies and suggestions for developing practical, responsible regulations for its coming marijuana industry.

"California is the nation's most populous state, and it's imperative that its cannabis industry get started on the right foot," said Mr. Bennett. "Blue Line's role in developing responsible strategies for lawful cannabis protection and transportation in Colorado can be the model for California and any new states developing their own industries and regulatory infrastructure."

The mission of the California State Board of Equalization is to serve the public through fair, effective, and efficient tax administration. Board members serve concurrent four-year terms and constitute the nation's only elected tax commission. The Board of Equalization administers California's sales and use, fuel, alcohol, tobacco, and other taxes and collects fees that fund specific state programs and plays a significant role in California property tax assessment and administration.

"The California State Board of Equalization has been looking for a safe banking alternative for the cannabis industry, wherein security and transportation is an essential component," said Agriculture Outreach Information Officer Seth Doulton. "I personally witnessed Blue Line's security and transportation services while touring Colorado and look forward to Blue Line improving the safety and compliance of the businesses that operate within our communities."

On October 9, 2015, Governor Jerry Brown signed into law a legislative package of bills that seeks to provide regulations for California's medical cannabis industry. The Medical Marijuana Regulation and Safety Act creates a new state agency within the Department of Consumer Affairs to develop rules and licensing procedures for authorized medical cannabis dispensaries. Beginning in 2018, medical cannabis dispensaries will need to obtain licenses from the Bureau of Medical Marijuana Regulation, a new division of the state Department of Consumer Affairs.

"With more cannabis businesses coming online daily and additional states legalizing marijuana use, our goal has been to help establish a consistent baseline of professionalism and legitimacy for this industry," said Mr. Allen. "We're responding to the needs not only of lawful cannabis producers and vendors, but also of the financial institutions that need to ensure their clients remain fully compliant with all of the various Cole Memo, FinCEN, banking, Patriot Act and BSA guidelines."

About Blue Line Protection Group, Inc.
Blue Line Protection Group provides armed protection, professional compliance and investigative services, and secure transportation services to individuals, businesses and government entities who need to protect their licenses and business investments or who require professional protection services for their employees, clients and physical assets. The company's security operators, investigations personnel and consulting staff are 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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