DENVER, CO--(Marketwired - Nov 1, 2016) -
Blue Line Protection Group, Inc. (OTC PINK: BLPG), a leading security and risk mitigation solutions provider for
retail businesses and financial institutions serving the legal cannabis industry, is now providing a complete compliance,
transportation and cash processing solution for banks and credit unions looking to enter the cannabis industry.
"We currently work with financial institutions by providing licensed, insured and bonded compliance investigations,
transportation and currency processing services," said Dan Allen, Blue Line's CEO. "With the opening of our new vaulting and
cash processing facility, we've been able to completely remove the burden of cash pick-up and processing from our banking
partners, reducing their liability, streamlining their operations, and reducing their operating costs."
In August 2016 alone, cannabis sales in Colorado totaled a record $126 million, according to the Colorado Department of
Revenue. Blue Line's new vaulting and processing headquarters, now open and fully operational, provides financial
institutions with an independent, third-party solution to help them manage and process the millions of dollars flowing into
Colorado's economy from legal cannabis sales.
Blue Line also helps ensure its financial institution partners remain in compliance with the federal mandates related to
cannabis operations, including the Cole Memo priorities, FinCEN regulations, and BSA expectations regarding marijuana-related
businesses. Blue Line's on-site, licensed compliance investigations provide its financial institution partners with risk
assessment valuations on their cannabis-related clients, ensuring that the businesses are operating according to local, state and
federal regulations.
"Compliance is key in this industry," said Ricky G. Bennett, Blue Line's Chief Operations and Compliance Officer. "Our
licensed investigators have performed nearly 300 on-site assessments of cannabis businesses, helping our banking partners comply
with federal mandates and helping to maintain the integrity of our clients' most valuable assets: their operating licenses."
As Blue Line expands operations into other states, it has already begun building relationships with regional financial
institutions and state regulatory agencies entering the legal cannabis industry. To accelerate its expansion to other
markets, Blue Line recently sold its operations property with the ability to lease back the facilities. "Streamlining our
operations and reducing our overhead provides a model for deploying our operations into other markets quickly and in a financial
responsible manner," added Mr. Allen.
Blue Line provides a complete suite of services related to currency transportation, processing and compliance for the lawful
cannabis industry. Financial institutions interested in utilizing Blue Line's services may call 800-844-5576 or email
Contact@BlueLineProtectionGroup.com.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides consulting, armed security, compliance and investigations,
transportation and secure vaulting services to banks, businesses and government entities who need to protect their assets,
licenses and clients. Blue Line serves banks and credit unions by providing currency processing and transportation
solutions, and its risk mitigation services help financial institutions serving cash-intensive industries comply with federal
"know your customer" mandates. 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.