US House Clears Cannibis Banking Bill, Dutch Gold to Upgrade Finance420.com Site
July 22 2014 - 9:28AM
InvestorsHub NewsWire
(http://dutchgoldinc.com) /IHNW/ today
announced that it has plans to upgrade www.Finance420.com in light of recent legislation
passed by the US House of Representatives.
On June
16, 2014, The U.S. House of Representatives has passed an amendment
to prevent the federal government from penalizing financial
institutions that do businesses with the marijuana industry. The
Senate must now pass similar legislation for the amendment to
become law, which could represent a significant
hurdle.
But
industry leaders and advocates were quick to hail the House vote as
a huge victory regardless, saying it signals growing support among
federal lawmakers for the cannabis industry. The amendment – which
had bipartisan support – passed by a vote of 231 to
192.
The
House also backed the marijuana industry in another way on the same
day, rejecting an attempt to block the implementation of
key banking guidance issued earlier this year
by the U.S. Justice and Treasury
Departments. The guidance provides financial institutions
with a framework for doing business with cannabis companies. While
the guidance hasn’t eased the banking situation for the marijuana
industry yet, it is seen as a significant step in the right
direction.
Due to
these additional legislative developments, DGRI has elected to make
significant enhancements to its www.Finance420.com digital
property, which it intends to release on prior to the end of July
2014. Said Daniel Hollis, CEO of the Company, “We have been
cautious in our approach to providing financial assistance to the
MMJ sector. We are pleased to witness the development of
further legislative support and look forward to broadening our
offerings.”
Forward-Looking
Statements
This press release contains
forward-looking statements that reflect the Company's current
expectation regarding future events. Actual events could differ
materially and substantially from those projected herein and depend
on a number of factors. Certain statements in this release, and
other written or oral statements made by Dutch Gold Resources, Inc.
are "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors, which are, in some cases,
beyond the Company's control and which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. The Company assumes no obligation to publicly
update or revise these forward-looking statements for any reason,
or to update the reasons actual results could differ materially
from those anticipated in these forward-looking statements, even if
new information becomes available in the future. Important factors
that could cause actual results to differ materially from the
company's expectations include, but are not limited to, those
factors that are disclosed under the heading "Risk Factors" and
elsewhere in documents filed by the company from time to time with
the United States Securities and Exchange Commission and other
regulatory authorities.
For further information, please
see www.DutchGoldInc.com or please contact Daniel Hollis, CEO of Dutch
Gold Resources, Inc. at 404-981-7424.