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.
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SOURCE Verde Media Group Inc.