Verde Media Group Inc. Announces Colorado Pot Market Exceeding Expectations - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Verde Media Group Inc. Announces Colorado Pot Market Exceeding Expectations

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Verde Media Group Inc.

LOS ANGELES, Feb. 20, 2014 /PRNewswire/ -- Verde Media Group Inc. (OTC: VMGI), an innovative media company, is pleased to announce that the legal marijuana market in Colorado as tracked by taxable receipts is exceeding current predictions validating the companies' business plans.

As reported by Kristen Wyatt of the Associated Press Colorado's legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes.

The governor predicted sales and excise taxes next fiscal year would produce some $98 million, well above a $70 million annual estimate given to voters when they approved the pot taxes last year. The governor also includes taxes from medical pot, which are subject only to the statewide 2.9 percent sales tax.

William Veve, President of Verde Media Group, Inc. stated, "These numbers validate our decision to quickly expand our business in Denver.  The growth rate of this industry will continue to exceed expectations and the innovative companies that properly service this industry will prosper.  We are in current negotiations with our first large transaction in the industry and very excited with the structure and revenues that it will generate for Verde."

For the full article please visit - (http://www.denverpost.com/marijuana/ci_25180402/colorado-governor-reveals-pot-tax-spending-plan)

About Verde Media Group Inc.
Verde Media Group Inc. is a publicly traded company listed on the OTC Markets trading under the stock symbol: VMGI. It operates a managed media financing company with production, distribution, and development functions for film and television. The company also incorporates an Agency division managing multi-media, public relations and marketing functions for corporate clientele.  For more information, visit www.verdemediagroup.com, or connect with the company on Facebook

DISCLAIMER:CAUTIONARY-DISCLOSURE-ABOUT-FORWARD-LOOKING-STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions.

Verde Media Group Inc.

Logo:  http://photos.prnewswire.com/prnh/20130828/PH70808LOGO

©2012 PR Newswire. All Rights Reserved.

  • PoliticsMore>>

  • First lady announces one-stop job site for vets

    First lady announces one-stop job site for vets

    Wednesday, April 23 2014 10:59 PM EDT2014-04-24 02:59:19 GMT
    To help veterans leaving the military as it downsizes, the government on Wednesday started a one-stop job-shopping website for them to create resumes, connect with employers and become part of a database for companies to mine. 
    To help veterans leaving the military as it downsizes, the government on Wednesday started a one-stop job-shopping website for them to create resumes, connect with employers and become part of a database for companies to mine. 
  • In Internet TV case, justices show concern

    In Internet TV case, justices show concern

    Tuesday, April 22 2014 2:41 PM EDT2014-04-22 18:41:50 GMT

    Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.

     

    Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.

     
  • High court upholds Mich affirmative action ban

    High court upholds Mich affirmative action ban

    Tuesday, April 22 2014 12:57 PM EDT2014-04-22 16:57:50 GMT

    The Supreme Court on Tuesday upheld Michigan's ban on using race as a factor in college admissions despite one justice's impassioned dissent that accused the court of wanting to wish away racial inequality.

     

    The Supreme Court on Tuesday upheld Michigan's ban on using race as a factor in college admissions despite one justice's impassioned dissent that accused the court of wanting to wish away racial inequality.


     
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.