FT. LAUDERDALE, Florida, April 17, 2018 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB:KAYS) applauds reports that President Trump has provided assurances to Colorado Senator Cory Gardner that federal agents would not interfere with the legal cannabis markets in states permitting regulated recreational and medical use. In a statement Senator Gardner said, “President Trump has assured me that he will support a federalism-based legislative solution to fix this states’ rights issue once and for all.”
The White House confirmed Senator Gardner’s understanding is correct. "The President did speak with Sen. Gardner yesterday, and again today, said Press Secretary Sarah Sanders in comments to reporters Friday afternoon." The president is a firm believer in states' rights, and verified Senator Gardner's account of the assurances he received from the president were accurate.”
“We are pleased to have the shadow cast on the industry in recent weeks by Attorney General Sessions removed through the tireless advocacy of Senator Gardner and others,” commented Craig Frank, CEO of Kaya Holdings. “As the industry continues to grow and contribute to the economies and communities we serve, the wisdom of the President’s pledge will become ever more obvious. It is our hope that the President will continue to review current national policy on cannabis and move to make U.S. companies more engaged globally through the issuance of export licenses. By doing so, we can transform the U.S. into a global cannabis powerhouse, providing Kaya Holdings and other sector leaders with the legal framework through which to sell internationally”.
“Current policies have caused a flight of billions of dollars in U.S. investment capital to Canadian companies. Moreover, the legal marijuana recreational and medical industry, employs an estimated 200,000 workers, and is estimated to expand to $75 billion dollars in North America alone by 2030, with the tax windfall for participating states in the multiple of billions” added W. David Jones, Senior Advisor to Kaya Holdings. “American cannabis industry investors and workers contribute to the legal economy, and their capital and jobs should be protected no differently than, for example, steel workers”.
About Kaya Holdings, Inc. (www.kayaholdings.com)
KAYS (OTCQB:KAYS), through subsidiaries, produces, distributes or sells legal premium medical and recreational cannabis products, including flower, concentrates and oils, and cannabis-infused foods.
In 2014, KAYS, became the first publicly traded company to own and operate a Medical Marijuana Dispensary. KAYS presently operates three Kaya Shack™ OLCC licensed marijuana retail stores to service the legal medical and recreational marijuana market in Oregon, with the 4th store opening expected by Q2 2018. (www.kayashack.com) Additionally, KAYS recently acquired a 26 acre parcel which it has targeted for development of the Kaya Farms™ Medical and Recreational Marijuana Grow and Manufacturing Complex.
IMPORTANT DISCLOSURE: KAYS is planning execution of its 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 US Attorney General Jeff Sessions Memo dated January 4, 2018, and subsequent commentary from US Attorney for the District of Oregon Billy Williams), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that KAYS and MJAI 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 KAYS and MJAI, 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.
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