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MMJ decriminalized by Congress
I think people are finally seeing the truth in the omnibus bill that passed the House, this is the bottom, look for a nice turn back toward .30 by the end of the day.
Expect the shorts to do their bit for the next few days until the Senate and POTUS pass the spending bill - the mmj will be left in the bill as most pundits believe, so there should be a positive turnaround in the pps. Moreover, hold those shares and wait for 14 January - with this bill and the California ruling, certainly signs that cannabis will be rescheduled and within a year or two, will be decriminalized/legalized. pps will go up and TRTC will be one of the stocks that increases the most in % and in $.
Blakedog do you have the link to this information?
Congress will indirectly decriminalize mmj in 23 states today.
It is unfortunate that many people are emphasizing Congress's war against Wash. DC and its mj policy, ignoring the most important news that Congress will no longer fund the DoJ's efforts to catch and prosecute those who cultivate, produce, and distribute mmj in the states listed below. This basically means that the DoJ cannot go after any business, established by state laws governing mmj - these businesses will be legally safe - the feds can no longer come after them. This will open and more conventional opportunities for funding for TRTC projects!
Congress rejection of DC mj law gave short sellers the excuse, and today, longs should see a rebound when people realize that DC has no influence on the mmj sector as a whole. Today should be buy opportunities for longs. Again, the fed is moving in the right direction - patience and all will come into place for the sector and specifically TRTC in the near future!
Text of House Amendment to Senate version of omnibus funding bill:
http://www.gpo.gov/fdsys/pkg/CPRT-113HPRT91668/pdf/CPRT-113HPRT91668.pdf
20 SEC. 538. None of the funds made available in this
21 Act to the Department of Justice may be used, with re-
22 spect to the States of Alabama, Alaska, Arizona, Cali-
23 fornia, Colorado, Connecticut, Delaware, District of Co-
24 lumbia, Florida, Hawaii, Illinois, Iowa, Kentucky, Maine,
25 Maryland, Massachusetts, Michigan, Minnesota, MisVerDate
Nov 24 2008 18:32 Dec 09, 2014 Jkt 000000 PO 00000 Frm 00213 Fmt 6652 Sfmt 6201 C:\USERS\HHALPERN\APPDATA\ROAMING\SOFTQUAD\XMETAL\7.0\GEN\C\CPRT-113-H
December 9, 2014 (6:32 p.m.)
L:\XML\CPRT-113-HPRT-RU00-HR83.XML
L:\vr\120914\R120914.009.xml 214
1 sissippi, Missouri, Montana, Nevada, New Hampshire,
2 New Jersey, New Mexico, Oregon, Rhode Island, South
3 Carolina, Tennessee, Utah, Vermont, Washington, and
4 Wisconsin, to prevent such States from implementing their
5 own State laws that authorize the use, distribution, pos-
6 session, or cultivation of medical marijuana.
7 SEC. 539. None of the funds made available by this
8 Act may be used in contravention of section 7606 (‘‘Legit-
9 imacy of Industrial Hemp Research’’) of the Agricultural
10 Act of 2014 (Public Law 113–79) by the Department of
11 Justice or the Drug Enforcement Administration.
This will increase investment in TRTC and more confidence in the sector. Patience, it is beginning to come together.
Great news. When the bill passes and news gets out, the whole sector should get a nice bump up. The fed is the greatest factor in prices in this sector. TRTC will provide the greatest return - the timing of California ruling and then of Nevada cultivation/production/distribution centers over the next three months hold much promise so hold those shares.
It is hard to understand how one sees this company as a "racket" with all of the energy and money that management is investing in preparing the company for the Nevada market (and beyond). They are involved in building infrastructure, establishing distribution channels, and marketing their product. Where is the racket? Dominion? S1 Filing? Etc.?
Because of the fed, this stock will continue to trade in this range (.28 - .32) until 14 January unless we get some positive news, in which TRTC will trade in .35 -.42 range. So be patient at least until the California ruling.
If there is positive news on 14 January, then you can expect the pps to reach .80 - 1.20. So be patient, change is on its way and it begins with this case in California. Congress needs an excuse/impetus to begin changing the classification of cannabis and this will give it to them. Investors looking to the future in this sector will be highly motivated to buy to get in early before further political/legislative action takes place. 140115 or XIV-I-XV.
February and March updates from Nevada should place the pps in the 1.50 range by the end of March. So think about the return for staying put or accumulating in these next few weeks - you will double to quadruple your investment.
The gamble is on the fed not on the company. 14 January is the date for the California ruling, 36 days away, and the bet is the ruling will be in favor of the defendants - the news by itself will drive mmj stocks to at least double (you will note that the majority of stocks in this sector have been holding steady, such as TRTC) - everyone is waiting for this news. The ruling is currently priced in and as more investors come to believe the ruling will favor the defendants then pps should begin to rise in anticipation of 14 January. With continued good news TRTC pps should be in the .35 -.45 by this date, and then? If the ruling favors the feds, there will be a drop in the pps by 25% and TRTC will trade in the .25 range until more news comes out of Nevada.
The management of TRTC is sound and understand the multiple levels of running a business (financing, marketing, operations, etc.) and are preparing the company to meet all segments of the market. The IVXX branding and the domain names are just some examples of this preparation. The IVXX is well-done and appeals to a more refined audience (or wealthy people who can afford the products) - I like it. So when the feds turn on the faucet, TRTC will have established a foundation of products and brands that will be immediately recognized beyond Nevada.
I do not believe the company is in any legal jeopardy. TRTC is protected by the state of Nevada because TRTC is working within the state's legal system. If the feds change their mind and get nasty, which under this administration will not happen, the feds would have to collect and imprison Nevada state officials who enabled and legitimized the cultivation, production, and distribution of cannabis. This is what investors should recognize and this why I believe TRTC should be trading at .50. Nonetheless I am happy with this range and a few more weeks of it should raise my number of shares in the company.
I am confident in Judge Mueller to do the right thing - she is the beginning of the new phase of the legalization movement - when courts and legislators are saying the same thing then change will happen - my bet by the end of 2015, or XXXV. They should put a small cannabis leaf between the IV and the XX.
http://edca.typepad.com/eastern_district_of_calif/schweder-marijuana-case/
Schweder marijuana case
November 19, 2014
Schweder Marijuana Case Update
Since my last post on the Schweder marijuana case, Judge Mueller vacated the status conference set for today as a control date and instead issued this order on the parties' objections to evidentiary hearing exhibits. The parties are still scheduled to submit simultaneous post-hearing briefs on the constitutionality of classifying marijuana as a Schedule I controlled substance by December 17. No ruling is expected before the hearing on January 14, 2015.
Posted by John Balazs at 11:41 AM in Schweder marijuana case | Permalink |Comments (0) | TrackBack (0
November 10, 2014
Further Briefing Ordered In Schweder Marijuana Case
In the Schweder, et. al., marijuana case, the district court today granted the defense request for further post-evidentiary hearing briefing on the constitutionality of marijuana being classified as a Schedule I controlled substance. The court directed the parties to file simultaneous briefs by December 17, 2014 and simultaneous reply briefs by January 7, 2015, with a hearing on January 14, 2015, at 9:00 a.m. before Judge Mueller.
All this is noise and irrelevant in the short term. California ruling most important event left for this year (and yes a ruling in our favor does not mean that mj will be legalized, but as indeed as noted by me and others, it will put great pressure on political and legal entities and institutions to legalize/decriminalize). Any sane investor who truly understands the significance of this case will want to get in early - how high the stock will go will depend on the comments of the judge and response of the fed.
In the meantime there is not much to do. I am perhaps hoping the shorts will do their job and bring the price down a bit to make some smart buys, or better said, irresistible buys.
If the judge does not rule in our favor you can expect the shares to continue to trade between .25 and .35 until there is word that TRTC has moved from provisional to actual (at local level) licenses and updates on the cultivation/prod. facilities. And depending on shorts, the stock should not fall below .25 - these should be times of buying for longs with anticipation that by mid-April the pps will be .50-.60.
TRTC is a solid stock AND WHAT MANAGEMENT HAS BEEN DOING HAS BEEN TRANSPARENT. Hold those stocks at least into the last week of the year when the judge will rule. This is what is keeping big money away - the law, not the company.
Nothing major will happen regarding pps of any of the mj sector stocks until Judge Mueller makes her decision in California - which should happen in two weeks. This is more important than anything TRTC does in the short-term. Investors are waiting for a signal from the feds and will not begin to invest (institutionally) until there is no fear the feds will step in and take their money! TRTC will continue to trade below .50 until this happens. I am banking that Judge Mueller will make her decision before X-mas and what a wonderful present that will be. There is no reason why she should not rule in favor of changing marijuana's Schedule 1 status. Go Judge Mueller.
Hold those TRTC shares.
Terra Tech's news release - great news!
Again, apologies for the long post - I am in the dungeon for speaking for a more rational discourse on this board - allowed but one post a day.
Others that posted that the news release is indicative of a dire situation or that this is a rehash of old news are mistaken in their assessment. This is excellent news. It demonstrates management's sensible approach to the litigation in CC - TRTC NEEDS TO STAY OUT OF THIS MESS - it will cost the corporation money and political capital that is needed for the other six ventures (disp./cult./prod.). And that management has more important things to focus on, the other six licenses and the rewards that will come with them.
This is one of the more thoughtful press releases that I have seen from the company in over a year. It clearly outlines that indeed TRTC is moving forward in Nevada and that management is confident in its approach. 90 - 120 days is nothing in the grand scheme of things. For an investor with a long position, this is an incredibly short period.
Moreover, for any investor with a long position this press release should demonstrate the quality of the management team. And as DP stated, focus will be placed on cultivation and production - music to my ears - this is where the immediate ROI will come from, not the dispensaries.
This is an important release and it should spark some confidence in investors and I doubt that there will be a sell-off but a slight improvement into .37 -.38 range. Anyone who bashes this report is nitpicking and does not understand how a start-up company operates.
TRTC is the stock to buy and hold. As you note the activity of the last two weeks, the tide has turned against the shorts and more investors are coming to realize this is not a "stinky pinky" (although I like the term) - this is one of the few sound prospects in the mj sector. As some wise individuals on this board have stated, patience is the key!
TRTC SHOULD NOT be a party to the lawsuit!
First, sorry for the lengthy post, only one post a day for me
DP, if he made these statements, is absolutely correct. It makes the company look terrible and would place it in political tensions with local and state officials. This could have some negative unintended consequences. TRTC brand is absolutely important.
The CC dispensaries, as others on this board have noted, are not that important. DP needs to get the cultivation and production facilities moving (and fast) because dispensaries will need product and if TRTC is the first to the market with medicine, they will capture a significant amount of the dispensary business from other companies. TRTC MUST FOCUS ON CULTIVATION AND PRODUCTION!
When the first crop is announced, then you will see TRTC in the .70 - .80 range. However, this range could double or triple depending on the California case, when Judge Mueller will hopefully rule in favor of our industry and state that it is unconstitutional to schedule mj with heroin, etc. This is the big deal. This is what will bring new money to the industry, and pps will rise with TRTC taking the lead. [yes, the ruling does not mean that mj is or will be legalized, but the ruling will open the door for other lawsuits and Congress will be forced to change the law - and as people recognize this will want to get in at these low levels.
When did DP make this statement?
Only if Judge Judy in CA decides in our favor will we reach "dollar land" otherwise expect TRTC to close out the year in the .65 - .75 range, still not bad. Not until the Fed legalizes/decriminalizes will TRTC trade in the dollars, and they will big dollars at that!
No news, what do you expect? No sell-off either.
No decision from Judge Judy until after 17 December:
Schweder Marijuana Case Update
Since my last post on the Schweder marijuana case, Judge Mueller vacated the status conference set for today as a control date and instead issued this order on the parties' objections to evidentiary hearing exhibits. The parties are still scheduled to submit simultaneous post-hearing briefs on the constitutionality of classifying marijuana as a Schedule I controlled substance by December 17.
http://edca.typepad.com/eastern_district_of_calif/2014/11/schweder-marijuana-case-update.html
Admissibility of evidence suggests the Judge should decide in favor of defendents (us)!
http://edca.typepad.com/files/schweder-case-order-re-exhibits.pdf
I repeat, that no matter how good the TRTC is, you still have the 800 pound gorilla in the room - until the fed decriminalizes/legalizes, this baby will remain in the crib. For this stock, $8.00 pps is out of reach until the fed gives its nod of approval - and you will not get the big money (individual or institutional) investors until this happens. But it is coming as noted above.
TRTC is the MMJ company to hold and hold tight!
Wow, quite quiet on the board this morning, perhaps all are full of turkey. I hope everyone had a positive Thanksgiving and looking forward to positive returns on TRTC.
Agreed, and the most attractive aspect of TRTC is the relatively low outstanding shares compared to other companies (of which the vast majority are fluff stocks). But it is going to be a slow two weeks until there is affirmation of their licenses.
TRTC a handful of dispenseries, cultivation and production facilities, combined with good news from Judge Judy will make for a very joyous new year!
TAMPA, Fla.--(BUSINESS WIRE)--November 18, 2014--
A federal hearing underway in California challenging cannabis' Schedule I DEA classification could lead to the current nationwide ban being declared unconstitutional, which would expand the consumer base for companies like Neutra Corp. (OTCBB:NTRR) that offer ancillary products to the marketplace.
Last month, a U.S. district judge in Sacramento granted the three-day examination into cannabis' Schedule I DEA classification, which has classified the herb as a dangerous, illegal drug for more than 40 years. Stanford law professor Robert MacCoun told The Christian Science Monitor, "If we were starting from scratch, I very much doubt we'd put marijuana in Schedule I. But now that it's there, it isn't easy to move out." The hearing has been granted because the legal counsel for two men charged with cultivating cannabis submitted expert accounts showing new scientific and medical evidence they say proves that the herb does not fit the criteria of a Schedule I drug. If the court agrees, cannabis' Schedule I status could be ruled unconstitutional.
Last week, the district court directed the prosecution and defense in U.S. vs. Schweder to file simultaneous briefs on the constitutionality of cannabis being classified as a Schedule I controlled substance by December 17.
Investors will be taking a positive look at TRTC before the December holidays, knowing full well the judge cannot rule but in favor of decriminalization.
We want cultivation and production, that is where the volume and margins are, if you note from the list of total permits, there are significantly less cultivation and production permits - less competition, greater profits! They should stop focusing on too much press on dispenseries - investors realize this and will shy away from the stock until TRTC forcefully talks cultivation and production.
If you recall the Ralston Report, both guests (including DP) want an amicable resolution - so basically Medifarm will give up on the two permits from Clark County in order to gain the other six permits. Political horse-trading. And as Selwa Ibrahim states, Clark County does not matter in the total scheme of things. Therefore, it is pretty much in the bag that TRTC has the other six licenses!
As long as investors understand this is a start-up company and profits should not be that significant in their calculus, they will by this stock today and there will be a gain of 10-15% today.
Did they provide you with a response? Did they give any time-frame when they expect to receive them. Any questions regarding the 10Q?
If you read my previous posts, the only thing that link brings you to is the various agendas/videos per month of the council meetings (even closed meetings must provide meeting minutes, specifically in this case, there can be no secrets) and there is no 10 November meeting. The only evidence you point to is a scheduled meeting in the PowerPoint presentation and that is all! I will let you know if a meeting occurred when I call the office at 8:30 am.
Where are you DickyBad? Why will you not provide a straight answer? What is your specific source that a LV city council meeting was held yesterday that reviewed the licensing off mmj dispenseries and/or cultivation/production facilities? I am ready to place a strong buy, so please provide this information.
This still does not tell us anything.
Who confirmed that this meeting took place? What is your source. You keep providing links that take you nowhere. Will you clearly state your source that a meeting indeed occurred, because at 8:30 am (pst) I am calling the city council office to ask them if this meeting occurred.
This tells us nothing.
Yesterday you provided links to a supposed city council meeting that would give the final approval for the licensing process. There is no record of a 10 November meeting on the councils agenda, website, etc. You base your assumptions on one bullet point in a PowerPoint presentation, but that bullet point is not supported by the city council's website!
Please stop these shameless promotion. We know TRTC is good, and if you are long, who cares what the shorts are doing now. You are losing credibility.
Will you please provide proof that indeed there was a city council meeting.
Where is the NEWS DickyBad?
If you read the S1-A, Dominion cannot sell all of their 30+ million shares at one time, in fact they have to do it over a 12 month period in equal installments if they choose to sell. This means, at most, they will sell no more than 3 (+ or -) shares per month - BIG DEAL, no - that averages to about 150k - 175k shares on the market per day. The average daily volume for the last 10 days (not sure beyond that) is 3.8 million, that means Dominion would be selling 4 - 5 % of the shares traded (and they cannot sell them for less than $.30. So stop scaring people with this dillution story so that you can profit from the mistakes of others.
That is correct, I do not know and no one on this board knows it either! You speculate too much and you give people too much hope - you are as bad as the shorts and as I argued before, I have no doubt that you and LPR and the others are in collusion. I am out of posts, I hope you have a good day and keep buying!
So instead of wasting time on this board, petition the feds to legalize/decriminalize.
Now the numerical value is equal to what DP paid for it, $1mil, $5mil, I do not know. It could be worth much more than that, so are we buying TRTC because the licenses are assets, like real property or like intellectual property? If the Fed changed its mind on mmj and mj, this license would be worth nothing!
currently each license has a low intrinsic value because of the high risk and the negative EPS of TRTC - high risk (Fed intervention is number one) so its value is what DP paid for it now - he believes it has a high intrinsic value, but the Feds may have another opinion.
Yes, I know the intrinsic value of a license. However, in the context of NV law, recipients of licenses cannot sell/transfer their licenses without approval of local/state oversight...
Senor, I agree, look for the important news, the rest is noise.
If each license is worth $100 mil, that would equal $800 mil in annual revenues (and if Nevada is an "average" consumption state that would mean that the total U.S. market is worth $40 billion - yeah keep dreaming!).
Old news and priced into the valuation. Note, the most important part of the valuation is the Fed - until the Fed decriminalizes/legalizes the green, it does not matter what TRTC does and how fast they can grow mj.
This is exactly what I am talking about. You are manipulating the information. The article states: "...then MediFarm will proceed with the last step for full licensure, a final review for a privileged business license in the City of Las Vegas. If succesful the company will begin construction at their Western Ave location and will open under the name Blum LV." They do not have it yet, and until that time, it is mere speculation (although I believe that they will gain final approval from the local governments).
How do we know the licenses will awarded Monday (approved by local governing authorities)? I asked this question earlier but none of the promoters on this board who keep asserting have responded. So how do we know this?
Sleek, what new website are you referring to? Provide the link please, because it is still the same website.
I cannot reply to private messages
per week, yes, think about the going rate, of $300 per ounce, ($200,000/300) that is 666 ounces (I kind of like that number) which equals 41 lbs, not likely. Most dispenseries (specficially medical marijuana) in Colorado are not doing more than 2mil per year.