Medican Forms Medican Nations to Partner with Indian Communities on Agriculture and Marijuana Businesses
05 February 2015 - 12:00AM
Business Wire
Industry Legal and Regulatory Expert Demitri
Downing Joins Medican team as CEO of Medican Nations
Medican Enterprises Inc.
(OTCBB:MDCN) today announced the formation of a new wholly owned
subsidiary called Medican Nations, LLC (Medican Nations) and the
appointment of Demitri Downing as Chief Executive Officer of
Medican Nations.
Medican Nations will be focused on building strategic
partnerships with Indian communities in the United States and
Canada to create and build business solutions within the indoor
gardening and marijuana industries.
With respect to the marijuana industry, recently, the U.S.
Justice Department instructed U.S. attorneys to allow Indian
communities to grow or sell marijuana on their sovereign lands,
even in states that ban the practice. The new policy, released in
the Wilkinson memorandum, will allow tribes interested in growing
and selling marijuana to do so. The memo outlines the eight
enforcement triggers that currently govern state marijuana sales,
and further provides that U.S. attorneys will review tribal
marijuana policies on a case-by-case basis and retain the right to
enforce current federal law prohibiting the growing and sale of
marijuana-related products.
Demitri Downing is a former prosecutor for the Tohono O’odham
Nation, which is located in Arizona. He has spent more than fifteen
years working in law and government relations for reservations and
numerous other jurisdictions. Prior to joining Medican, he had a
successful career as strategic analyst in the development of the
legalized marijuana industry. He also serves as a regulatory,
compliance and legal consultant to numerous dispensaries in the
legalized marijuana industry in Arizona. Recognized industry wide
for his expertise, he was recently selected as a strategic analyst
in the development and regulatory governance for the Arizona 2016
recreational initiative. He is an important figure in the industry,
has an extensive background in marijuana law, and has strong
working relationship with tribal governments, as well as industry
expertise. Mr. Downing graduated from Boston University and the
University of Arizona James E Rogers College of Law.
“We are very excited to launch our Medican Nations initiative”
stated Kenneth Williams, Medican’s Chief Executive Officer. “Under
the leadership of Mr. Downing, Medican Nations will seek to become
the partner of choice to assist tribes in the U.S. and Canada in
assessing and developing lucrative medicinal or recreational
marijuana programs. His extensive experience both in the marijuana
industry and in serving tribal governments in the United States
will help pave the way for our tribal partnerships by recognizing
political and industry strategies and respecting tribal
sovereignty.”
“This is an exciting moment in history – based on the current
DOJ policies, a promising economic opportunity has been made
available to the U.S. tribes” stated Mr. Downing. “From initial
ordinance changes at the tribal regulatory level, to operational
implementation, each tribal jurisdiction will present its own
unique challenges of market and State dynamics as well as
historical, cultural and traditional subtleties. It is our mission
to help facilitate growth and sustainability within each community
we partner with, and I believe Medican Nations offers a tremendous
opportunity for first nations partners. I am proud to be joining
the Medican group and look forward to the weeks and months ahead as
we roll out this important initiative for the company.”
For more information or to receive an immediate assessment of
your Tribal government’s unique situation and opportunities in the
growing marijuana industry, please contact Demitri Downing
ddowning@medicaninc.com.
About Medican Enterprises, Inc.
Medican Enterprises is a company seeking promising
pharmaceutical and other business opportunities in the emerging
medical and recreational marijuana sector. Through its
subsidiaries, Medican is seeking to invest in businesses associated
with the growing, marketing, research and development, training,
distribution and retail sale of medical and recreational marijuana,
both in the United States and Canada. For more information visit:
www.medicaninc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release and statements of representatives of Medican
Enterprises, Inc. (the “Company”) related thereto includes
forward-looking statements within the meaning of the U.S. federal
securities laws. Forward looking statements are statements that are
not historical facts. Such forward-looking statements are subject
to significant risks and uncertainties that are subject to change
based on various factors (many of which are beyond the Company's
control), which could cause actual results to differ from the
forward looking statements. Such statements may include, without
limitation, statements with respect to the Company's plans,
objectives, projections, expectations and intentions and other
statements identified by words such as "projects," "may," "will,"
"could," "would," "should," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "potential" or similar
expressions. These statements are based upon the current beliefs
and expectations of the Company's management but are subject to
significant risks and uncertainties, including those detailed in
the Company's filings with the Securities and Exchange Commission.
Actual results (including, without limitation, the results of the
Company’s efforts to launch and expand Medican Nations) may differ
from those set forth in the forward-looking statements. Except as
required by applicable law, the Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
Medican Nations LLCDemitri Downing,
+1.520.909.4334CEOddowning@medicaninc.comorMedican Enterprises
Inc.Ken Williams, +1.800.416.8802CEOinvestors@medicaninc.com
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