Altn Fuels America (GREY:AFAI)

CORAL SPRINGS, Florida, January 9, 2014 /PRNewswire/ --

Marijuana Stocks are rapidly catching the attention of Wall Street as the restrictions loosen for the Cannabis industry Nationwide.  Market news updates specific for marijuana sector: Alternative Fuels Americas, Inc. (OTCQB: AFAI), Growlife, Inc. (OTC: PHOT), Cannabis Sciences (OTC: CBIS), Visa Inc. (NYSE: V) and Mastercard Inc. (NSYE: MA)

Alternative Fuels Americas, Inc. (OTCQB: AFAI) announced today that it has formed a subsidiary, Marijuana Holdings Americas, Inc. to serve as the foundation for the company's entry into the rapidly growing medical and recently legalized recreational marijuana markets that are emerging in the United States.  "We have begun the process of evaluating the application process for medical marijuana and recreational licenses, which are now available in one form or another in 20 states and Washington, D.C. with more states indicating that they will follow suit. Our plan is to leverage our agricultural and business expertise to launch new licensed facilities to grow and distribute, as well as evaluate acquisitions of existing operations and peripheral business opportunities. All our activities will be strictly in accordance with State/Local Laws and currently stated Federal Enforcement Policies and Priorities, as well as the advice and review of counsel. We believe these developments demonstrate the emergence of a new industry with tremendous potential."