|By Marketwired .||
|August 14, 2014 12:00 PM EDT||
DENVER, CO -- (Marketwired) -- 08/14/14 -- Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), today announced that the Company will launch an e-commerce website designed exclusively for businesses in the lawful cannabis industry.
Blue Line Protection Group's online product exchange is a free online portal that will enable state-licensed growers, distributors and other marijuana-related businesses to buy and sell products from each other based on their inventory and customer demand. The Company's e-commerce platform will be specifically designed to only facilitate transactions between legal marijuana businesses located in the same state and will not allow the purchase or sale of any products between states to comply with all state and federal laws and guidelines.
Users of Blue Line Protection Group's platform will be able to upload their product information including descriptions, pictures, and lab test results through a user-friendly online interface. Transaction reviews and user commentary are included to establish confidence between the parties involved in the exchange of cannabis products.
The Company will validate the licenses of both sellers and buyers and offer its delivery services to facilitate all transactions conducted on its site which will also offer advertising to cannabis-related companies wishing to reach the retailers and growers in the space.
Several of the largest cannabis retailers in the industry have shown interest in partnering with Blue Line Protection Group. The Company has also held discussions with potential anchor partners to collaborate on the establishment of optimal operational procedures for its e-commerce site to provide a streamlined user experience. The e-commerce platform is scheduled to begin beta testing in September 2014.
"Blue Line is excited to introduce this powerful e-commerce platform to the legal cannabis industry that will increase the product selection that marijuana dispensaries offer their customers while improving their efficiency," said Sean Campbell, Blue Line's Chief Executive Officer. "Our online marketplace will save legal marijuana businesses both time and money by providing instant online access to purchase from and sell legal marijuana products to other dispensaries in their state."
The Company designed its e-commerce platform to address high costs facing marijuana dispensaries that must hire additional staff members to research and acquire products to restock their inventories when supplies run low. These same employees must track down buyers in a timely fashion for products that are overstocked and could become spoiled if left sitting unsold, which has caused revenue losses through inefficient inventory management across the cannabis industry.
"It's a matter of supply and demand and finding the most efficient solution for marijuana dispensaries to provide the right products to each of their storefronts to optimize their customers' experience," stated Vice President of Sales and Training Blue Line Protection Group, Dan Sullivan. "We already work with several of the largest growers and distributors in the industry and they have conveyed their need and desire for this service."
Mr. Campbell concluded, "As Blue Line deploys this solution in states where marijuana becomes legal, we believe our free online marketplace will become one of the industry's leading tools for licensed marijuana businesses that wish to conduct lawful business-to-business product transactions."
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides 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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