Altitude Organic Corporation Joins Colorado's Medical Marijuana Industry Group
New Gallop Poll: Record 50% of Americans favor legal cannabis.(1) The Colorado medical marijuana industry creates jobs, raises tax revenue, and is estimated to generate $250 million in sales in 2011.(2)
PHOENIX and DENVER, Oct. 21, 2011 /PRNewswire/ -- Altitude Organic Corporation (ERBB:OTC:Pink), a leading national, publicly-traded medical marijuana company, is pleased to report that the company has joined Colorado's leading trade group (MMIG) Medical Marijuana Industry Group www.mmig.org. MMIG's mission is to promote reasonable regulation of medical marijuana businesses, protect the rights of medical marijuana patients, and serve as a responsible resource for policy makers. MMIG fulfills this mission by actively lobbying state and local governments on behalf of its members. MMIG has been integral in helping its member businesses comply with the nation's most comprehensive state regulatory framework. To date, no other state has an enforcement division or uniform state and city licensing procedures for medical marijuana businesses. Altitude Organic Corporation is adapting and developing new industry management standards for medical marijuana businesses. Creating legal compliance oversight and management protocols for the new industry can insure that taxation and regulatory controls are implemented state by state in the years ahead. Through unbridled professionalism and operational excellence, Altitude Organic Corporation hopes to offer the regulated solution for legal canna-business nationally.
MMIG has emerged as the premier trade group in the most regulated medical marijuana state. MMIG has a very important roll communicating with Colorado government agencies to build a working legal regulatory system for medical marijuana businesses, as well as for the entire state of Colorado. MMIG is also a member of NCIA, the National Cannabis Industry Association http://www.thecannabisindustry.org/. MMIG will continue to work through both industry progression and setbacks, as states around the country continue to pass new medical marijuana laws. The goals of Altitude Organic Corporation and MMIG are mutually aligned.
Mike Elliott, MMIG's Executive Director, exclaimed, "Altitude Organix has shown itself to be an industry leader - we are excited that they are joining MMIG. As we approach the 2012 legislative session, MMIG is happy that Altitude Organix will be joining us as we fight to promote reasonable regulation of medical marijuana businesses and protect the rights of medical marijuana patients."
CEO Brian Cook stated, "We are very pleased to be working with MMIG in Colorado going forward. I personally believe that the industry regulations being developed and implemented in Colorado should eventually become the model for the rest of the country. Altitude Organix Management has the opportunity now, to partner with dispensaries and commercial kitchens around the country to insure their medical marijuana businesses are operating under regulated industry standards. Despite the varying state laws, Altitude Organix can unify the business practices and governmental oversight of the new, national medical marijuana industry. There are still many legal hurdles and legislative battles ahead, which is why groups like MMIG are so important. Solace can be found that public opinion and prominent supporters are building nationally every day, to end the universal prohibition of cannabis."
(1) New Gallop Poll: Record 50% of Americans Favor Legalizing Cannabis for all adults.
http://www.tokeofthetown.com/2011/10/new_gallup_poll_record_50_of_americans_favor_legal.php
(2) See Change Strategy Financial Projection 2011
http://www.gazette.com/articles/medical-115107-marijuana-market.html
ABOUT ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California, and Arizona business support services, while also acting as a one-stop-shop for entrepreneurs looking to enter the burgeoning, multi-billion dollar industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement. The company also sells horticulture equipment via its partnership in Sundance Hydroponics (www.sundancehydroponics.com). Visit www.altitudeorganicmedicine.com today.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
Company and Contact:
Brian Cook,
Chief Executive Officer
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
480-443-1600
[email protected]
www.altitudeorganix.com
SOURCE Altitude Organic Corporation
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