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LOL.... I thought i was very clear about the next big thing and its not Marijuana....its Edible gardens.... selling live plants to consumers.....Just take a look at Del MOnte for a second.....Your interested in selling 15000 people marijuana and I want to sell 15 million people a 2.00 live basil plant, 1.00 head of lettuce and some strawberries for 5.00...
I will just wait and hope they spin off the Marijuana side of TRTC....
Good Luck to your dream....
excellent research..... ONce again cultivation and production has my 100% approval...but running a dispensary will be an alligator eating profits away.....You have to be conservative on revenue projections and add 15% to expendures if you want to succeed.... If medical Marijuana wants to work it will have to be economical for patients and 1000 a month is to expensive...thus comes laws where insurance companies will pick up some of the costs(OBama Care) and allow doctors to write Rx and every CVS and or Walgreens will then sell it in their store, probably in a refrigerated vending machine behind the counter....
Nearly 60% of dispensary owners who responded to a recent industry survey said they take in $500,000 or less in annual revenues
http://mmjbusinessdaily.com/from-less-than-100k-to-millions-of-dollars-annual-marijuana-dispensary-revenues-run-the-gamut/
I suggest you be realistic on revenues....
18,000,000 in yearly revenue for one dispensary in Clark County means that one store needs 15000 patients to spend 1,000 a month to gross 18 million...
There is only 5000 MM card holders in the whole state....
Buts lets say 15,000 patients do spend 1,000 a month and the dispensary takes in 18 million...
DP says it will cost 35% of gross in expenses... thats 6.3 million
Now we have 11.7 million but remember this 800 POUND Gorilla....there is two investors that get app 40 to 60% of Profit.
So cut that 11.7 in half....
So under ideal circumtances revenue is 5.8 million...
Bottom line :Basil and Tomatoes will make more money than Marijuana...
Nevada wants ONe Dispensary for every 10 pharmacies.
What would happen to profits if then they allowed pharmacies to offer medical marijuana...
Read this link : it proves my point that the margins in dispensaries will be small......
http://mmjbusinessdaily.com/pharmacists-increasingly-seeking-piece-of-mmj-pie/
easy to say that since u got in .07 cents a share..... If you wait 20 days I think u can get back in at .06....
Thats the beauty of penny stocks...there is always a new wave of I am going to get rich quick......
Interactive brokers has 200,000 shares available to short !!!!
You all should be ashamed of each other talking about greed and fear at a time when the US was under attack...Show respect and hush till 11 am...... 9/11 I will never forget.........
BAsed on everything I have read....... I will still say Edible Gardens will generate better margins long term than Marijuana sales. I am looking forward to strawberry sales in October....
Thanks I am just trying to be realistic...... and Whatever the numbers are.....TRTC will only receive approximately 50% return as we DO NOT have 100% ownership of Nevada business operation
MEDICAL MARIJUANA AS A BUSINESS – HOW MUCH TO OPEN A DISPENSARY?
http://azmarijuana.com/caregivers/medical-marijuana-as-a-business-%E2%80%93-how-much-to-open-a-dispensary/
Recreational pot is bringing in two-thirds LESS tax revenue than the governor predicted
http://www.dailymail.co.uk/news/article-2742181/Up-smoke-Recreational-pot-bringing-two-thirds-tax-revenue-expected.html
Nearly 60% of dispensary owners who responded to a recent industry survey said they take in $500,000 or less in annual revenues.
http://mmjbusinessdaily.com/from-less-than-100k-to-millions-of-dollars-annual-marijuana-dispensary-revenues-run-the-gamut/
You are suggesting that the majority of winter skiers are healthy enought to ski but ill enough to need Medical Marijuana...ok
Well DP said it takes 35% of profit to run the business in Nevada so reduce the 18 million to roughly 11 milllion...then of course dont forget TRTC only owns 50% of the business....as stated in the S 1 there are two unknown people that own 40-60%......
So now after first year we clear 5.8 million roughly.....
Does that sound about right ?
So if a patient buys 1,000 dollars worth of medicine a month , thats 12,000...a year..... so it will take 15,000 patients spending 1,000 a month to generate 18,000,000..... so....the entire state of Nevada has only 5000 patients....and our dispensary will need 15000 patients..that means the 17 other dispensaries will need 15000 patients...wow...Las Vegas only needs 270,000 patients each spending 1,000 a month for all dispensaries to generate 18 million....but dont forget i think there maybe some expenses involved...
Could u break down how many patients it will take to generate that 18-25 million..
You and MH are the only ones that can predict the future of TRTC...do u see it going all the way to zero? Where does it stop, where does it turn around... what will be the new 52 week high...thanks in advance..
So you are saying all 18 dispensaries are going to generate 18 -25 million dollars annually...... could u break that down on how much a patient spends a year....The entire state of Nevada has 5000 card carrying patients now.... how many more need to be added...to make your numbers work...
If Insiders aren't buying at these levels why should the general public...Sorry folks but support levels have been broken and unless insiders step up to the plate and buy here....well we are toast.
Where are your facts... They paid .30 a share....its under that now....by next week Dominion will be the largest Bagholder..
Looks like the negative posters win again..... heading to .25 tomorrow....and then we become a teenager.....might even end up in middle school.....
If they paid .30 a share and we drop to .15 I would think Dominion would loose millions..
Wow broke .30 now Domminion is losing money....It appears the fat lady has taken center stage..
As long as there is decent volume and posters advising the the stock price will fall in the future..... means there is value in the stock and buying on dips is a valid move....
Like I said before there is only 25 posters here versus 25000 shareholders....so whatever is said here is meaningless and a direct loss of quality of life...
Can anyone give a time line for the first batch of Medical Marijuana?
HOw many plants make a pound in what time period?
How many strains are there?
How much of the plant is necessary to make an ounce of oil?
How long will it take the cultivation and production side in the State of Nevada to sell or distribute two pounds of Marijuana a month to say 100 patients?
Lets look at the law and the numbers
By Nevada law....card holders can only have 12 plants...and there is roughly 5000 card holders in the ENTIRE state....
So by law each of the dispensaries and or cultivators will have to obtain their initial batch of MEDICAL Marijuana from novice gardners that grew their plants in ways only Chee Chee Chong could smile about...
Talk about quality control at its worst level.....The Beginning of medical marijuana in Nevada is based on an initial crop of plants that could be infested or tainted in a way that boggles the mind and of course I assume those will be the mother plants of all future strains..... brilliant....just brilliant.......
There must be some MJ users here from Colorado or California....that can speak to the issue of quality....When they go to purchase their product.....is there a clear distinction on quality....I bet there is....based on the reviews I can find on California dispensaries...
Another crazy issue will be the initial startup...from what I read the cultivators will be forced to obtain the initial marijuana from existing patients....THATS NUTS!!!!!!!!
The initial customer base
State records show that 5,859 Nevadans have medical marijuana cards issued by 278 doctors. Of the total, 4,196 cardholders are in Clark County, 680 in Washoe County and the rest in rural Nevada.
I am sure the base will grow....but as one can see if we got a license in Washoe County.....there is only 680 cardholders for the entire county....how can we turn a huge profit with only 680 cardholders... I believe BlumOak gets over 600 patients A DAY !!!!!
I am not trying to be negative, I am trying to reinforce the importance of supplying ALL the dispensaries with quality product!!!!!!!
I think the profit margin will be greater on the cultivation and production side versus the dispensary side. I would rather have a Sams Club or Costco than a CVS. I would rather concentrate on offering the best strain and price, thus ALL of the dispensaries and or other cultivators would come to US....cause of the LOOP HOLE in the law.....that allows dispensaries and or cultivators to go outside their cultivator for a better strain and or price that is currently unavailable.....
thanks.... Bullish reversal . .Nice http://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=TRTC
Here's the bottom line.........
There is approximately 25000 shareholders of TRTC
OF that about 25 shareholder participate here on IHUB. So don't get upset folks all this yaking between us really doesnt mean much....
Las Vegas, Aug. 19, 2014 (GLOBE NEWSWIRE) -- Terra Tech Corp ( TRTC ) is pleased to announce their subsidiaries MediFarm, MediFarm I and Medifarm II have submitted their applications to operate Medical Marijuana Enterprises (MME) to the state of Nevada. The following summarizes the applications:
Clark County Nevada
Dispensary on Decatur Blvd
Dispensary on Dessert Inn Rd
Cultivation on Gary Ave
Production on Gary Ave
City Of Las Vegas
Dispensary on Western Ave
Washoe County
Dispensary on S. Virginia St
Cultivation on Pyramid Way
Production on Pyramid Way
The Company has already received a special use permit for a cultivation and production facility in Clark County, Nevada and has already submitted its applications for both a special use permit and compliance permit to the City of Las Vegas. Terra Tech has received notice by the City that they are scheduled to appear on the September 30th planning commission agenda. The company submitted their state applications to operate dispensaries within Clark County. If MediFarm is ranked well by the State, and any of the 18 selected by the County are not it potentially creates another opportunity for the company within the County.
"Our team, led by Salwa Ibrahim, did a fantastic job of managing the thousands of pages of documents and aggressive timelines. These applications required coordination between legal, engineers, architects, security, real estate and other professionals in order to assemble the necessary components within the applications framework. Refining this process positions us well to compete throughout the country, explains Derek Peterson, CEO of Terra Tech.
Looking forward to opening day
Blum LV, 1921 Western Ave. Owners Terra Tech Corp.,
Already working on their website in Las Vegas....
http://blumlv.com/
If you build it.... They will come :)
A pic is worth a 1000 shares :)http://photos.mercurynews.com/2014/08/29/photos-medical-marijuana-impacts-california-economy/#5
I agree , love these fire sales.....100,000 blocks, I saw three go by....volume almost 2 million...... if TRTC was a loser..... there would be no volume....Big money is here.... Nite is on the ask and CSTI is on the Bid... Enjoy the ride....looks Like its going to be a sling shot.....
Here's the link ref Q and A about Nevada...
http://www.cannalawblog.com/top-ten-faqs-for-nevada-medical-marijuana/
7. Can registered MMEs sell marijuana and marijuana infused/edible products to each other? Yes and no. MME producers and cultivators can sell marijuana and marijuana products to each other and to MME dispensaries. However, MME dispensaries cannot sell marijuana or marijuana products to each other.
10. Can an MME dispensary obtain medical marijuana from MME cultivators and producers located outside of the dispensary’s county? The State says yes, but at least one county says no. In its local medical marijuana ordinance, Clark County mandates that “Medical Marijuana shall be obtained from a Cultivation Facility or Production Facility within Clark County if an adequate supply is available.” The County defines “adequate supply” as “the immediate availability of a sufficient quantity and quality of medical marijuana at a reasonable price of any specific strain of marijuana.”
This Clark County ordinance raises all kinds of issues if a Clark County MME dispensary obtains marijuana from production and cultivation facilities outside of unincorporated Clark County. The County states that “reasonable price” means “the price a purchaser, willing but not obliged to buy, would pay to a seller, willing but not obliged to sell, taking into consideration the average price on the open market for a specific strain of marijuana at the time of purchase” but has yet to define what constitutes “a sufficient quantity and quality” of marijuana, leaving the term “adequate supply” ambiguous.
REf Nevada applications, 70% clark county and only 20% Washoe County.... TRTC has both covered.. :)
Just saw five separate streamer alerts in past 30 min on TRTC...JUst a guess.....but based on NITE's action.. I dont think they want to be here over the weekend.... Looks like next week we will be Up Up and away....
On June 16, 2014, Florida Governor Rick Scott signed into law Senate Bill 1030, which permits five dispensing organizations in the state of Florida to cultivate, process and dispense non-smokable, low-THC cannabis. The Florida Department of Health is currently engaged in the administrative rule making process, and is required under the law to authorize the establishment of five dispensing organizations no later than January 1, 2015.
The company TRTC recently signed a LOI with Florida Tuxedo Plants, Inc., one of the qualified nurseries listed by the state.