Noted Attorney Duncan Levin Joins General Cannabis Board of Directors

DENVER, Nov. 22, 2016 /PRNewswire/ -- General Cannabis Corporation (OTCQB: CANN), the comprehensive resource to the regulated cannabis industry, announced today that Duncan Levin, the managing partner of Tucker Levin, PLLC, and former federal prosecutor, has been elected to the Board of Directors.

Levin is a highly respected expert in the legal aspects of anti-money laundering, internal investigations, and anti-fraud.  After a lengthy career at the senior-most levels of state and federal law enforcement, Mr. Levin now regularly consults with a variety of businesses facing complex challenges, including regulatory, investigatory, and anti-fraud issues. Prior to founding Tucker Levin, he served as a federal prosecutor with the U.S. Department of Justice specializing in money laundering and asset forfeiture and on the senior staff of the Manhattan District Attorney's Office, where he was Chief of Asset Forfeiture and supervised money laundering cases. 

As the forfeiture chief for Manhattan District Attorney Cyrus Vance, Jr., Levin oversaw all criminal and civil asset forfeiture and money laundering on a wide variety of cases, including international corruption, white-collar fraud, identity theft, organized crime, terrorist financing, and narcotics cases. He was the primary liaison with U.S. Department of Justice on the forfeiture of $1.9 billion in the HSBC OFAC sanctions case and $350 million in Standard Chartered OFAC sanctions case, as well as the OFAC/AML cases against BNP Paribas and ING.

"Duncan's background and expertise helps elevate General Cannabis to a new level of industry-leading professionalism," said Robert Frichtel, Chief Executive Officer of General Cannabis Corp. "His unique perspective on complex legal issues will help us navigate through uncharted territory in our burgeoning industry and position General Cannabis as the premier consulting firm in the field"

"General Cannabis is poised to be the unparalleled industry leader, and I'm delighted to join the board during this period of dynamic growth," said Levin. "The Cannabis industry is one of the fastest growing sectors in the country's economy, and General Cannabis is well positioned to be the leader in all aspects of providing the widest possible range of support services ranging from real estate and grow facilities to security and financing."

Prior to joining the District Attorney's Office, Levin served as an Assistant United States Attorney at the United States Attorney's Office for the Eastern District of New York, where he handled money laundering, asset forfeiture, and Bank Secrecy Act cases.  He reported in that position to U.S. Attorney Loretta Lynch, who is now the United States Attorney General.

Levin is a graduate of Yale College, where he was elected to Phi Beta Kappa, and Yale Law School. He started his legal career as a line prosecutor at the Manhattan District Attorney's Office, focusing on financial crime. Levin has lectured extensively on money laundering, suspicious activity reporting, AML/OFAC, and asset forfeiture for the U.S. Department of Justice and the District Attorney's Office. He serves on the Criminal Law committee of the Bar Association for the City of New York.

About General Cannabis

General Cannabis Corporation is the comprehensive resource for the highest quality service providers available to the regulated Cannabis Industry. We are a trusted partner to the cultivation, production and retail side of the cannabis business. We do this through a combination of strong operating divisions such as real estate, consulting, security, financing and the distribution of important infrastructure products to grow facilities and dispensaries. As a synergistic holding company, our subsidiaries are able to leverage the strengths of each other, as well as a larger balance sheet, to succeed. Our website address is www.generalcann.com.

Safe Harbor

This presentation contains forward-looking statements which relate to future events or General Cannabis' future performance or financial condition. Any statements that are not statements of historical fact (including statements containing the words "believes," "should," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as result of a number of factors, including those described from time to time in General Cannabis' filings with the Securities and Exchange Commission. General Cannabis undertakes no duty to update any forward-looking statements made herein.

SOURCE General Cannabis Corporation

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