The legal marijuana industry is one of the fastest growing
markets in the country. Nearly half of all states allow for medicinal cannabis
consumption, and a handful – including Colorado, Washington, Oregon and Alaska
– have legalized recreational use as well. Despite the industry’s widespread
acceptance, nearly all of the nation’s banks refuse to take money from
marijuana sales for fear of punishment from federal authorities, for whom
marijuana remains illegal. As a result, those operating in the marijuana industry
are forced to maintain huge sums of cash on hand, making them a prime target
for criminal activities.
FastFunds Financial Corp., through majority-owned subsidiary
Brawnstone Security, Inc., is addressing these concerns by offering topflight
security services to clients in the rapidly expanding marijuana industry. With
a team comprised of police officers, private investigators, law enforcement
trainers and private security consultants, Brawnstone has quickly grown into
one of the top providers of security and training in the eastern United States.
Since acquiring a 70 percent interest in Brawnstone in 2014, FFFC has made
considerable progress toward increasing its subsidiary’s share of the national
security industry, which is currently valued in excess of $300 billion.
Last week, FFFC released an update on Brawnstone, and the
results were extremely promising. Following aggressive work on gross margin
enhancement and spending reduction, the company reported stabilized revenues of
approximately $64,000 per month for the first eight months of the year. FFFC
expects to build on this progress in the coming months by capitalizing on the
potential passage of legalization measures for both medical and recreational
marijuana use in Brawnstone’s home state of Ohio. Voters in Ohio are currently
set to weigh in on the proposed amendments on November 3, 2015.
For prospective shareholders, FFFC’s comprehensive approach
to the thriving legal cannabis industry makes it an intriguing investment
opportunity. Look for the company to continue focusing on ways to capitalize on
rising consumer interest in a variety of unique ways – including the release of
the Tommy Chong Green Card, the development of cultivation products through
Pure Grow Systems and the funding of promising startups through Cannabis Angel
– as it promotes maximized shareholder value.
For more information, visit www.fastfundsfinancial.com
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