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This is pretty awesome...you should read it.
... RT for Tripp from Mad Money ...
Wednesday, April 24, 2013 As of 5:36 PM EDT
Investors Gather to Fund Most Promising Marijuana Industry Companies in Seattle 4/29
The ArcView Group hosts news conference to announce angel investments in this promising sector.
SEATTLE, April 24, 2013 /PRNewswire/ -- On Monday, April 29, 2013, more than 40 high-net-worth investors from around the world will gather in Seattle to hear pitches from the top entrepreneurs in the hot, new legal cannabis industry. The private event is hosted by The ArcView Investor Network. A news conference to announce some of the first funded deals will be held immediately after the investor meeting.
The ArcView Investor Network includes billionaires, technology entrepreneurs turned investors, small venture capital firms, former Microsoft executives, real estate moguls, large donors to marijuana policy causes, and owners of the biggest companies in the cannabis industry.
"Cannabis is the next great American industry," said ArcView co-founder and CEO Troy Dayton. "Now that a majority support legalization, a geyser is about to go off. The question is: which companies will be seated on top of it? That is what's being decided at this investor event."
Companies are vying for investments to make their business dreams come true. These include cannabis packaging, a handheld vaporizer, a transdermal patch that purportedly can stop the psychoactive effects of cannabis, a machine that makes a hash oil and other cannabis concentrates, and more. High-tech companies looking for investors include companies that make better grow lights, a mobile app for retailers, and even a crowdfunding platform.
The format of the event is similar to the one employed in the popular television show, "Shark Tank." Entrepreneurs will each have an exhibit table outside of the pitch room and be called in one at a time to pitch the investors who will pepper them with tough questions.
"The new legal cannabis industry represents the greatest investment opportunity since the fall of communism," said ArcView cofounder Steve DeAngelo, who is also executive director of Harborside Health Center and one of the most visionary pioneers of this industry. "The difference this time is that we are reclaiming the market from cartels instead of communists."
"Companies are coming out of the woodwork with new product ideas. Some will become lucrative businesses, others won't. What makes the cannabis industry different is the high level of passion and sense of purpose. Business is the most powerful platform for political change. I believe the development of a responsible, profitable, and politically engaged cannabis industry will be the biggest factor in hastening the day when not a single adult is punished for this plant."
The news conference is scheduled for 6 pm at The Columbia Tower Club, located at 701 Fifth Avenue in Seattle, WA. Reporters may arrive early.
http://online.wsj.com/article/PR-CO-20130424-916906.html?mod=googlenews_wsj
This is pretty awesome...you should read it.
... RT for Tripp from Mad Money ...
Wednesday, April 24, 2013 As of 5:36 PM EDT
Investors Gather to Fund Most Promising Marijuana Industry Companies in Seattle 4/29
The ArcView Group hosts news conference to announce angel investments in this promising sector.
SEATTLE, April 24, 2013 /PRNewswire/ -- On Monday, April 29, 2013, more than 40 high-net-worth investors from around the world will gather in Seattle to hear pitches from the top entrepreneurs in the hot, new legal cannabis industry. The private event is hosted by The ArcView Investor Network. A news conference to announce some of the first funded deals will be held immediately after the investor meeting.
The ArcView Investor Network includes billionaires, technology entrepreneurs turned investors, small venture capital firms, former Microsoft executives, real estate moguls, large donors to marijuana policy causes, and owners of the biggest companies in the cannabis industry.
"Cannabis is the next great American industry," said ArcView co-founder and CEO Troy Dayton. "Now that a majority support legalization, a geyser is about to go off. The question is: which companies will be seated on top of it? That is what's being decided at this investor event."
Companies are vying for investments to make their business dreams come true. These include cannabis packaging, a handheld vaporizer, a transdermal patch that purportedly can stop the psychoactive effects of cannabis, a machine that makes a hash oil and other cannabis concentrates, and more. High-tech companies looking for investors include companies that make better grow lights, a mobile app for retailers, and even a crowdfunding platform.
The format of the event is similar to the one employed in the popular television show, "Shark Tank." Entrepreneurs will each have an exhibit table outside of the pitch room and be called in one at a time to pitch the investors who will pepper them with tough questions.
"The new legal cannabis industry represents the greatest investment opportunity since the fall of communism," said ArcView cofounder Steve DeAngelo, who is also executive director of Harborside Health Center and one of the most visionary pioneers of this industry. "The difference this time is that we are reclaiming the market from cartels instead of communists."
"Companies are coming out of the woodwork with new product ideas. Some will become lucrative businesses, others won't. What makes the cannabis industry different is the high level of passion and sense of purpose. Business is the most powerful platform for political change. I believe the development of a responsible, profitable, and politically engaged cannabis industry will be the biggest factor in hastening the day when not a single adult is punished for this plant."
The news conference is scheduled for 6 pm at The Columbia Tower Club, located at 701 Fifth Avenue in Seattle, WA. Reporters may arrive early.
http://online.wsj.com/article/PR-CO-20130424-916906.html?mod=googlenews_wsj
Update: http://mmjbusinessdaily.com/2013/04/18/big-day-ahead-for-san-diego-dispensaries-as-city-council-debates-mmj-changes/?nomobile=1
The San Diego medical marijuana community is holding its collective breath as the city considers legal changes that would pave the way for dispensaries and lead to a revival of the local MMJ industry, which has been decimated in the past two years.
On Monday, the San Diego City Council will hear an ordinance put forth by Mayor Bob Filner that would allow dispensaries to operate in specific commercial and industrial areas.
If the measure passes, dozens of dispensaries would likely open this year, and the city could eventually have 100 or more MMJ centers according to some estimates. That would create additional business opportunities for support companies and professionals, including lawyers, consultants, landlords, electricians and cultivation equipment suppliers.
Annual marijuana sales could hit $50 million once all dispensaries are up and running, according to MMJ Business Daily’s estimates, adding roughly $1 million to the city’s coffers.
But the measure faces some opposition, and whether it will pass is anyone’s guess at this point.
“It’s looking, somewhat ominously, like it’s going to be an incredibly tight vote, but I’m very hopeful that we’re going to pull it off,” said Ken Cole, president of One on One, which is one of the only dispensaries that survived recent MMJ turmoil in the city. “I’m going at (council members) nonstop on the compassion side. We’ve got to get them to realize that this about their mothers, grandmothers, uncles and the guy they work with. We’re talking about ordinary everyday people.”
Cole said the vote at this point appears split 4-4. There’s one open City Council seat that will be filled soon. The two candidates are both Democrats, though one has come out in support of medical marijuana and the other against it.
Here are some key business-related highlights of the ordinance:
- Medical marijuana centers would have to meet a host of requirements tied to everything from security to signage.
- Dispensaries would have to fork over $5,000 each year in permit fees and pay a 2% annual excise tax on medical marijuana transactions.
- Centers would need to operate as nonprofits, meaning they could only accept “donations” from medical marijuana patients who have valid state-issued MMJ identification cards and also have submitted their doctor recommendations for cannabis to the California Department of Public Health’s central registry.
- Dispensaries would have to set up shop at least 600 feet away from schools, parks and childcare facilities and 1,000 feet from another MMJ center.
Under the ordinance, medical marijuana “vending machines” also would be banned. (MedBox Inc., a publicly traded company that sells automated MMJ dispensing machines, believes its technology would still be allowed under the mayor’s proposal. The firm recently said it hopes to help open 30 dispensaries in the city that feature its machines.)
The move to change San Diego’s medical marijuana laws comes after a turbulent period that saw hundreds of dispensaries open rapidly several years ago and then close just as quickly after the city began a crackdown in 2011.
Local and state laws have long been murky when it comes to dispensaries. The City Council passed an ordinance two years ago that set clear rules for dispensaries in a bid to clear up the situation. But it ended up rescinding the measure after MMJ advocates who felt the rules were too restrictive mounted a successful petition drive challenging the ordinance. The move backfired for the industry, as the city then forced most dispensaries to close.
As recent as January, there were just a handful of dispensaries. But more centers as well as delivery-only services have sprouted up in the past two months after the mayor moved to ease up on the industry.
We were looking at what they been doing wrong the whole time. I'm in Washington state.... And a group of my friends were trying to do what I think there doing. But they are on a larger scale. We were going to set up a large scurried warehouse and rent out 10x10 space for people to cultivate there medicine. And have a store front for supplies. We did the math and it works out to be very profitable. Now if we did it on a scale of 30+ acres.....now I can see the 30 million in contracts.
The whole time I to was skeptical how they could raise that amount providing software and support to collectives. Being here in Washington. I personal know people doing 300k a month now that's not profit....for there protect and respect I won't indulge that. But there doing well.
But if I'm right these guys are on track to blow up the industry in a level of true investors/business men.
One other thing to add a large Cigarette manufacturer has been acquiring with another friend of mine's property to start cultivating up here.
Buckle up people this is just the Beginning living up in a greater Northwest for a long time I've seen this industry grow a lot in a short time...
One day soon!!
The walls are going down
http://www.liq.wa.gov/pressreleases/botec_sellected_mj_consultant
One day soon!!
The walls are going down
http://www.liq.wa.gov/pressreleases/botec_sellected_mj_consultant
One day soon!!
The walls are going down
http://www.liq.wa.gov/pressreleases/botec_sellected_mj_consultant
Here is my TCR Submitted Successfully - Reference Number: TCR1364983213949
Updated News!! NTRR Forms New Cannabis Subsidiary
http://markets.financialcontent.com/otcstockpick/news/read?GUID=23840073&Symbol=NTRR
Also
http://www.marketwatch.com/story/ntrr-forms-new-cannabis-subsidiary-to-capitalize-on-booming-billion-dollar-cannabis-market-2013-04-03
Also NTRR is OTC stock pick of the week:
http://www.otcstockpick.com/market-alert/
Could you list the direct link and steps on filling. I look through the links provided and couldn't locate it. Thank you for your work done here......
Why is it all green the last several trades and no real growth. But one sell can send it to the bottom? Just learning so any advice is appreciated.
Update: Bill to Create Banks for Colorado MMJ Dispensaries, Marijuana Businesses Goes Up in Smoke
* Is this what SKTO up to?
http://mmjbusinessdaily.com/2012/02/15/update-proposal-to-create-bank-for-colorado-mmj-dispensaries-marijuana-businesses-goes-up-in-smoke/
1st AZ Dispensaries, Generating Millions of Dollars in Revenues, Brace for More Competition
interesting website: http://mmjbusinessdaily.com
and the question is? 30 million possible.. look what one store can do!
Oh..ok thank you:)
I though so. Funny thing I tried buying after hours and evening call into Amertrade and they said there's no after hour trading on this stock
Do me a favor and search the ticker and see ty ;)
RavenDusk1 Does it show it's up 4.31% .046 also on your account?
My Ameritrade Shows SKTO is up 4.31% Today .0460
This has been very accurate for me. So my guess is that its been adjusted to start opening at .046 Monday.
* Can somebody confirm that has a Ameritrade
Im trying to by stock but i cant on etrade, where can i go to buy into gelyf.