The legal marijuana industry is one of the fastest growing markets in the country. Nearly half of all states allow for medicinal cannabis consumption, and a handful – including Colorado, Washington, Oregon and Alaska – have legalized recreational use as well. Despite the industry’s widespread acceptance, nearly all of the nation’s banks refuse to take money from marijuana sales for fear of punishment from federal authorities, for whom marijuana remains illegal. As a result, those operating in the marijuana industry are forced to maintain huge sums of cash on hand, making them a prime target for criminal activities.
FastFunds Financial Corp., through majority-owned subsidiary Brawnstone Security, Inc., is addressing these concerns by offering topflight security services to clients in the rapidly expanding marijuana industry. With a team comprised of police officers, private investigators, law enforcement trainers and private security consultants, Brawnstone has quickly grown into one of the top providers of security and training in the eastern United States. Since acquiring a 70 percent interest in Brawnstone in 2014, FFFC has made considerable progress toward increasing its subsidiary’s share of the national security industry, which is currently valued in excess of $300 billion.
Last week, FFFC released an update on Brawnstone, and the results were extremely promising. Following aggressive work on gross margin enhancement and spending reduction, the company reported stabilized revenues of approximately $64,000 per month for the first eight months of the year. FFFC expects to build on this progress in the coming months by capitalizing on the potential passage of legalization measures for both medical and recreational marijuana use in Brawnstone’s home state of Ohio. Voters in Ohio are currently set to weigh in on the proposed amendments on November 3, 2015.
For prospective shareholders, FFFC’s comprehensive approach to the thriving legal cannabis industry makes it an intriguing investment opportunity. Look for the company to continue focusing on ways to capitalize on rising consumer interest in a variety of unique ways – including the release of the Tommy Chong Green Card, the development of cultivation products through Pure Grow Systems and the funding of promising startups through Cannabis Angel – as it promotes maximized shareholder value.
For more information, visit www.fastfundsfinancial.com
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