You sensing a pure power play is exactly what I'm talking about. CC is one of the most powerful councils in the US, and they know how to make money...excuse me, create a tax base.

While CC only had input into the writing of the state program, their application packet rivals what's in the state packet and can be correlated to what the state will look at. In this link it states approved dispensaries:

http://www.clarkcountynv.gov/Depts/comprehensive_planning/zoning/Pages/ResidentialSeparation.aspx

Nevada has a great regulatory body and has written a nice piece of legislation. They have update some ordinances, and one of the changes will be licensing fees. They are now going quarterly with a sliding scale of gross revenues.

http://www.clarkcountynv.gov/Depts/business_license/lg/Documents/Proposed%20Amendment%20Title%208%208%2060_MME_Ord11.pdf

By my count, the state of NV will have taken in near 5 mil in fees before the first door opens.

My question still remains, why did CC already give special use permits to only 18? Were they just being fiscally prudent or have they vetted the ones they want to operate the establishments.

If you remember before the decisions were made, councilman Giunchigliani kept trying to introduce sending more to the state but Sisolak said no.

No, all applicants must achieve a provisional certificate from the state. If the state does not approve you, your done until the next offering a year from now.

My assumption is based on the amount of time CCC had to research each of these companies before the interviews and fact that these guys know the rules and outline of requirements from NRS435. This vetting was done before the 18 were decided on.

Agreed, they have not issued business licenses. However, the point of my hypothesis goes beyond the linear time frame of events and the merit based scoring the state will use, and goes to the reality of privileged licenses in CC.

The City of LV, North LV, Henderson, Reno and Washoe County have not held their conditional permit hearings, and will use the state rankings in that future hearing combining special use zoning, finance and business license. CC had the foresight to use the time before the state apps were due to hold their special use hearing, and decided on who will be allowed to operate in their district. This will not change because of the state scoring, they have made their decision already. Just like they do with liquor, tobacco, cab drivers, pawn shops, and even hookers are given use permits...privileged licenses given by the CC Commission.

These guys know how this works and marijuana is no different than the other vice businesses. They decide who operates, and the state does not interfere in those decisions. Here's a quote from the link "Chad Westom, bureau chief of Nevada Division of Public and Behavioral Health, said local governments can reject state approved applicants..."

http://www.reviewjournal.com/news/pot-news/sunset-medical-pot-busy-spot-henderson

Sorry SN, I suppose I shouldn't be so cheap and get a script to the joint. I would like to respond but...

Awesome interpretation, thanks brother.

You're from Vegas cabbie, it would be cool if you could give opinion on what a privileged license means to a business operator in CC

I think differently on the meaningless aspect of how it went, at least with the dispensary permit process in Clark County. The City of Las Vegas and Henderson had the applications made, but will wait and use the state rankings on both cult/disp before making their decision. What Clark County did was invited 104 applicants, interviewed them all, and decided on 18 to send to the state, no extras, only 18. Barring some unforeseen grievance, and they looked them over closely, these 18 are locked in for a privileged license...Vegas style...and btw, it's a state mandate not to interfere with who the independent councils give their business license to.

We agree on no reason to jump, but I'm not waiting for other signs of revenue...the money that will be made from the one dispensary will do for me. Support level is the eye of the day. GL

I'm not privy to the negotiated terms, but usually 6 months is the lock out period. Depending on when it actually closed, should be sometime in Dec. The S1, when it goes in effect after the sec looks it over, will allow the PP to sell their shares. One should look at who actually was in the PP, the selling shareholders in the prospectus. The Nevada Partners and Lazarus make up a majority of those shares, and you can reasonably figure they won't be selling soon. 9 million shares with rights to 18 million warrants are what's at play for these guys. The debt shares were 3.8 million and they have been free to dispose of them since June, check volume on that 1.5 million day, that was the start.

The watchers getting anxious bro?

Sentiment is getting pretty low around these parts, should provide opportunities for those that can see.

I think the PP was at .50 and any support til then might be suspect. The S1 will go effective soon and that will effect the game also.

That being said, when the state rankings come out by Nov and GB is given the go ahead to operate..well, that's why I'm here.

Probably hired a broker and MM to move those shares on a fixed time basis over the last three months.
Question would be are they in the float. Not that many shares out there, be nice when it's just the PP, Ellins and us retailers.

I actually think the MM's knew those 4mil were coming and have kept it orderly to accumulate the only stock available.

280K volume today, seems like the debt shares are not done selling. My count, it's pretty close.
But yea, she's broken for now. Tomorrow should say a lot.

East coast:

http://gbsciencesinc.com/gb-sciences-moves-east-bringing-targeted-cannabis-based-medicine/

It's all good here senor_c, we are just debating who's first and who's second. Plenty of market share for both!

Must be getting close, the brothers are showing up to tells us how cool they are :)

Nice to have you on board cabbie, please feel free to share your homework with the crew!

That's pretty funny, using one of the lowest market cap companies in the sector as an example of weakness. TRTC at 100mil, FITX at 250mil and the rest of the Canadians...all over 100. GB at 35mil is a value compared to those boys.

Cash on hand, the warrants and the assets brought by Ellins for 12.5mil shares equal the current MC...without figuring in the 3 dispensary/1 cultivation permits in LV and the probabilities from Illinois and Florida.

Good luck in your position

More press:

http://finance.yahoo.com/news/gb-sciences-inc-ceo-craig-170006882.html

Nice work on these videos of the team at GB Sciences. It's good we have faces to these names and their story.
Keep digging jfletch.

And what do you think a big Pharma will pay for efficacious, consistent, FDA approved raw materials that come from that Blox? Retail users of the product will be paying a premium for those same strains out of the dispensary.

http://www.pot-stocks.com/images/gblx1.jpg

GBLX SELLS MORE SHARES!

Oh wait, that was Lazarus buying more....on the open market.

The elusive machine makes its debut. Might even see momentum from Denkins Vegas company spill over here as people put together the connection?

$2.00 + 292%

Yes, wrong word. Point is still the same though, the warrants are not in the money yet and will provide 30mil in capital to the company when 'excised'. That's not P&D dilution. Thanks for the reminder to proofread. Any other non sense you want to discuss?

Oh..please expand, if your capable, of all non sense items that you feel I've promoted please. Factual backup would be preferable, but in your case I'll except your personal views if you don't babble.

Random statements like this is why I 'promote' this stock.

Geez dude, you're all over the boards. 28mil market cap makes this a relative cheap stock and the 30mil shares are not hitting the market anytime soon. S1 takes how long to go effective?...and it's for 9mil shares that we have known about for months. You realize of course that 20 mil of those warrants have excise dates of 3 and 5 years and are not even in the money...and will produce 30 mil in financing for the company right?
Fool, get the facts straight before you start your short campaign next time.

I hear ya friend, tough when you jump on the rocket ship as the first stage burns out. Glad you made your $ back.
Not sure about this pump and dump, haven't really seen it anywhere, hell Wolf is only scratching a scent. Maybe we see you again.

It's sad to see you early guys lose conviction

GB has applied for two more dispensary permits in the City of Las Vegas

BOOM

http://finance.yahoo.com/news/growblox-sciences-inc-files-two-110100894.html

Nice information on this company in your article Wolf...this company has potential.
Welcome to the board

1.29 +10.2% with buyers EOD. Tomorrow looks good to continue the run!

Were those the .50 'insider shares' selling or the .26 debt shares?

The City of Las Vegas will be closing their app process on the 23rd and sending on for state review. GB will be able to claim 3 permits at this time. boom

Still don't have all your facts straight.

Example: private placements don't buy the stock price at the time, it's called discount and the reason they do it.
The 10 mil shares sold for .50 brought in 5mil operating cash and the A warrants will be 10mil @1.00 and the B warrants, 10mil @2.00 for future funding of 30mil. Sounds to me the bank is stocked full for what they intend to do.

Where's that other guy, I have something to shove up him.

Secret sauce...boom

Buy where your comfortable.