OCEANSIDE, Calif., March 7, 2014 (GLOBE NEWSWIRE) -- Citadel EFT, Inc. (OTCQB:CDFT) has been helping companies for over 20 years establish a merchant account for credit card processing commented today on the processing solutions and the legal marijuana industry.
Since the Presidential election there are many marijuana related stocks that have been steadily climbing. Over the past decade 18 states have approved the use of medicinal marijuana which accounts for over a third of the US. It is quickly becoming a preferred alternative to traditional treatments for patients with debilitating diseases like cancer, glaucoma, HIV/AIDS, hepatitis C, Crohn's disease, Parkinson's disease, ALS, or multiple sclerosis.
Gary DeRoos, President of CDFT stated, "The trend is clear, the medical marijuana industry generated over $1.5 billion in revenue nationwide last year, and is expected to grow to $9 billion by 2016, offering Citadel multiple opportunities in a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals that are safe, legal and fully compliant with Federal and State laws designed specifically for the legal marijuana industry. This will be the focus of our 2014 business plan."
About Citadel EFT, Inc:
Citadel EFT, Inc. http://www.credit-card-processing.com has been helping companies for over 20 years establish a merchant account for credit card processing. Citadel has no monthly fee and no minimums for our credit card service. As a merchant of ours, you can process credit cards like Visa, MasterCard, Discover, American Express, EBT, Checks and ATM Cards, Citadel ships your credit card machine, free of charge.
FORWARD LOOKING STATEMENT
CDFT cautions that statements made in the press release constitute forward-looking statements, and not guarantees of future performance, and the actual results or developments may differ materially from projections in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time the statements are made.