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SOURCE Alternative Fuels Americas, Inc.
HOLLYWOOD, Fla., Feb. 11, 2014 /PRNewswire/ -- Alternative Fuels Americas, Inc. (OTC: AFAI) announced today that its subsidiary Marijuana Holdings Americas, Inc. is pursuing its first licensing arrangements in Oregon. Oregon has just recently released rules for its licensed medical marijuana facility (MMF) program, with the application process set to begin March 3, 2014. After consultations with Oregon based legal counsel, the Company's current plans are to pursue more than one licensed operation in Oregon, through a wholly owned Oregon domiciled subsidiary. The Company shall operate in conjunction with local Oregon resident(s) who serve as the legally required "PRF" (Person Responsible for Facility), thereby fulfilling State residential and licensing requirements.
The Company further announces that it has retained the services of Oregon CannaBusiness Compliance Counsel, LLC. (OC3) a leading industry law firm which includes Leland R. Berger, attorney at law and Leia Flynn, an industry insider and expert. The Company has also retained John C. Lucy IV, an Oregon attorney expert in the emerging legal cannabis sector.
"We have selected Oregon for both grow and retail operations", states CEO Craig Frank, "because we believe it will be one of the next states to legalize recreational marijuana, and having a strong footprint in the state allows us to be well positioned as the market further develops. We are delighted to have OC3 on our team to guide us and provide a strong foundation in Oregon, our first of many anticipated markets".
The Company has established its roadmap for a comprehensive and integrated entrance into select markets with legal marijuana, as well as states with laws pending. In all, the Company has identified ten markets within which it intends to focus.
"We are approaching the legal marijuana business as we would any other venture – building a well-conceived strategy which we can then carefully and thoughtfully execute", continues Mr. Frank. "Our plan is to enter the markets that lawfully permit marijuana cultivation and sales and establish a brand and infrastructure that supports further growth as the market expands and more states legalize marijuana for both medicinal and recreational uses".
About Oregon CannaBusiness Compliance Counsel, LLC. (OC3)
OC3 is led by Portland attorney and activist Leland R. Berger. Mr. Berger has 30 years experience in private practice including his statewide representation of medical marijuana patients and their providers for the past 18 years. Co-drafter of the Oregon Medical Marijuana Act and several dispensary and legalization initiatives and bills, his activism includes citizen lobbying, public speaking and protester defense. Mr. Berger is a member of the National Cannabis Industry Association, the National Organization of Marijuana Laws (NORML) Legal Committee and his awards include High Times' Freedom Fighter of the Month (August 2001) and NORML's Citizen Activist Award 2010.
About John Lucy IV
John C. Lucy IV is a graduate of the School of Law at The University of North Carolina at Chapel Hill, and worked in Washington, D.C. with NORML before moving to Portland, OR to open his own law firm in 2007. A Lifetime Member of the NORML Legal Committee, Mr. Lucy's work includes issues of human rights, civil liberties, drug policy reform, and sentencing reform. He has been featured in High Times magazine, and has been interviewed/appeared on NPR, CBC, CNN, and CourtTV as well as other media outlets.
About Alternative Fuels Americas (AFAI)
AFAI (OTCQB: AFAI) is a disruptive sectors company seeks to identify and enter early stage business opportunities that mark a significant change in the status quo from which to extract value for its shareholders. The company's alternative fuels division has pioneered the development of above ground oil fields in Central America and continues to innovate clean fuel - recently focusing on aviation fuel.
Marijuana Holdings Americas
AFAI's subsidiary, Marijuana Holdings Americas, Inc. was founded to enter the rapidly growing medical and recently legalized recreational marijuana market with the goal of securing new medical and recreational marijuana licenses, potentially acquiring existing Cannabis production/sales operations and evaluating related business opportunities, subject to legal compliance and advice of counsel.
IMPORTANT DISCLOSURE: AFAI and Marijuana Holdings Americas are planning execution of their stated business objectives in accordance with current understanding of State and Local Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana (as outlined in the Justice Department's Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that AFAI will obtain advice of counsel prior to actualizing any portion of their business plan (including but not limited to license applications for the cultivation, distribution or sale of marijuana products, engaging in said activities or acquiring existing Cannabis production/sales operations). Advice of counsel with regard to specific activities of AFAI, Federal, State or Local legal action or changes in Federal Government Policy and/or State and Local Laws may adversely affect business operations and shareholder value.
Forward Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact Investor Relations: 561-210-7664
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