BXNG - Bang Holdings Corp CEO Steve Berke Interviewed Live on Fox News Regarding Attorney General Sessions' Recent Comments Regarding Legalization of Cannabis
DENVER, CO, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Bang Holdings Corp. (OTCQB: BXNG), through its wholly owned subsidiary, Bang Digital Media, an ad-tech company that services the cannabis industry, today announced that Steve Berke, the Company’s Chief Executive Officer, appeared live on “Watters’ World”, a nationally syndicated Fox News program, to discuss Attorney General Sessions’ recent comments relating to the recent legalization of cannabis. A copy of the interview can be viewed by clicking the following link: Bang Holdings CEO Interview on Fox News.
In August 2013, then-Attorney General, James M. Cole, issued a memorandum to all U.S. Attorneys. To summarize, the Cole Memo stated: if you implement a strict regulatory framework and employ a seed-to-sale tracking system to monitor the growth, distribution, and sale, of regulated cannabis to prevent diversion and create a transparent, accountable market, the federal government will not intervene.
But, on January 4, 2018, Sessions reversed the Obama Administration’s decision. He issued a memo to U.S. Attorneys stating that, even in states where weed is legal, they (the Federal Government) are free to prosecute cannabis related ‘crimes.’
“The legal marijuana market is passed the point of no return,” Mr. Berke told the Fox News audience. “The only thing that Jeff Sessions is doing right now by reversing the Cole Memo is galvanizing Republicans and Independents who use medical marijuana and cannabis in their daily lives to vote blue in the next midterm elections.”
The ‘point of no return’ message was all but conceded to by conservative commentator, Gina Loudon and show host Jesse Watters. “This is about big, corporate, Wall Street money that is invested in weed,” Loudon said, with Watters agreeing that, “there is a lot of money to be made off recreational and medicinal marijuana.”
The Fox News host then pointed out that extremists such as Sessions and Loudon are perhaps out of touch. “A lot of Republicans are coming out and saying that Sessions is overstepping and that the Republican Party is a State’s rights party,” Watters said.
2018 is an important year for mid-term elections, and the GOP is clear about this political reality, a reality Mr. Berke was not backwards on pointing out. “Two thirds of Americans want recreational marijuana to be legal, and marijuana is more popular than any Republican in Congress right now,” a bullish Mr. Berke concluded with.
Ultimately, Mr. Berke’s appearance on a primetime Fox News show sought to demonstrate that even among conservatives, cannabis is either a non-issue or a losing argument, and if true, would indicate that the future for Bang Holdings in the cannabis industry is bright, and will continue to be so for both the Company and its shareholders.
About Bang Holdings Corporation
Bang Holdings Corporation (OTCQB:BXNG), through its subsidiary Bang Digital Media, innovates and utilizes new Advertising-Technologies to help cannabis brands connect to cannabis consumers. Through their original content, digital channels, and influencer-based marketing platform, Bang Digital Media enables cannabis brands to bypass a restrictive mainstream advertising system to reach cannabis consumers directly. For more information, please visit our website.
Forward-looking Statements
Certain matters discussed in this press release may contain statements, estimates and projections that involve risks and uncertainties in Bang Holdings Corporation’s business that may cause actual results to differ materially from those anticipated by the statements made herein. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. Bang Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.
Investor/Media Contact: Bill Miller, Vice President, Investor Relations Phone: 844-565-5665 bmiller@irpartnersinc.com Company Contact: Lee Molloy Phone: 303-681-4426 lee@bangholdings.com