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I think it's rather good. I plan to scoop up more shares this week at this price as well. Hopefully it stays around this price in a week or so, so I can gather another million shares before the real start of the race in Feb.
Home > Dispensary Business News > Chart of the Week: E...December 29, 2014
Chart of the Week: Explosion of Nevada’s MMJ Patient Base as Dispensaries Near Launch
Tags: cannabis industry data, chart of the week, nevada medical marijuana
By Jennifer Mann
Good news for medical marijuana companies hoping to open their doors in Nevada next year: The customer base is growing rapidly as dispensaries move closer to becoming a reality.
The number of registered medical cannabis patients in the state has jumped more 50% this year, from 4,989 at the end of January to 7,491 by the end of November, according to the latest data from the Nevada health department.
The patient base jumped by roughly 15% since October – highlighting increased interest from locals in registering for MMJ cards as the state’s dispensary program advances.
In early November, Nevada announced the winners of licenses for dispensaries, cultivation facilities and processing companies. The first dispensaries are expected to open by summer.
At current patient levels, Nevada’s medical cannabis market could generate nearly $15 million in annual sales, according to estimates by Marijuana Business Daily.
But that could be just the tip of the iceberg, considering that Nevada will allow patients with MMJ cards in other markets to purchase medical cannabis while visiting.
Las Vegas alone had almost 35 million visitors this year through October, so MMJ tourism dollars could be substantial. If the state’s patient base continues to grow at the current pace, the industry could generate millions of additional dollars in sales.
Jennifer Mann can be reached at Jenniferm@mjbizmedia.com
How could this fly at this point when there is no product in the lab ?? To put it in a simple way for you to understand, for example, you have a bakery, all the equipment in place, but no ingredients ( MMJ ) to produce and gain revenue. PAZOO has the ingredients lined up in a row, just waiting for the ingredients to mature. This takes time my friend.
MA & Associates, LLC, Pazoo's Nevada Medical Marijuana Laboratory Testing Partner, Receives Purchase Order From One of the Largest Growers in Nevada
Pazoo, Inc. 1 hour ago GlobeNewswire
WHIPPANY, N.J., Dec. 11, 2014 (GLOBE NEWSWIRE) -- Pazoo, Inc. (PZOO) (German WKN#: A1J3DK) is pleased to announce that its medical marijuana testing laboratory partner MA & Associates, LLC (MA) has received its first purchase order to test product from one of the largest growers in the State of Nevada. The first marijuana product to be tested is expected to be begin on or about the end of February 2015.
While this initial purchase order is for a few thousand dollars, it will serve as a quality test for our client. MA is 100% confident that we will not only meet but exceed the standards our clients expect. This is the beginning of a very important relationship with one of the largest growers in the State of Nevada. This grower, which has requested its name remain confidential, will represent approximately 200,000 square feet of growing. MA's management team has estimated that every 100,000 square feet of grow that is tested will translate into approximately $1,000,000 of revenue per calendar year. To date, MA feels confident that it has forged working relationships with additional growers who will test through MA and who will represent approximately another 500,000 square feet of grow.
Pazoo, Inc CEO David Cunic stated, "While it will not be until the middle to end of the first quarter of 2015 when revenues from MA are expected to quickly grow, we have taken every step and continue to make every effort to secure a solid and expanding revenue stream. MA's corporate team has not only done a stellar job in securing themselves as the top rated testing lab applicant by the State of Nevada, but they have done a fantastic job at building and securing relationships with a multitude of growers within the State of Nevada."
MMJ Business Daily Marijuana Business Daily: Legal, Financial & Cannabis Industry News for MMJ Professionals
December 9, 2014
Recreational Marijuana Approved for 2016 Ballot in Nevada
Recreational marijuana legalization will be on Nevada’s 2016 ballot after state officials verified that advocates secured enough signatures to automatically put the issue to voters.
Secretary of State Ross Miller certified that proponents submitted enough signatures to add the initiative to the ballot in two years, the Associated Press reported. The Nevada Coalition to Regulate Marijuana Like Alcohol in November submitted almost 200,000 signatures, well beyond the 102,000 needed.
No opposition immediately emerged to the marijuana initiative, according to the AP.
Recreational Marijuana Approved for 2016 Ballot in Nevada The proposal would allow those 21 and older to possess up to an ounce of marijuana, as well as establish a regulatory structure for recreational sales. It would also impose a 15% tax on wholesale cannabis sales, while retail transactions would be taxed at existing sales tax rates.
Nevada already allows medical marijuana, and the state recently crafted regulations on MMJ businesses. So officials could look to those rules when crafting recreational marijuana regulations if the measure passes in 2016.
“The voters in Nevada clearly want a new approach to regulating marijuana,” Joe Brezny, the head of the Nevada Cannabis Industry Association, said in a statement. “They see that taxing and regulating marijuana … makes more sense than the failed policy of marijuana prohibition.”
Just got 394,600 shares at 0.0209. Once spring / summer arrives, we will see revenue in the company and price of shares will sky rocket!!! When there is no product in the lab = no value to the company. Now is the time to buy more !!!
I have a bid for 500 K, waiting for 0.022 to hit
Just got an update with Antonio, they are locking in future territories right now and possibly a large another investor. The other territories are being locked in with Steep Hill as the technology platform. In 6 months, the stock should be much more lucrative then this measly $0.027 per share.
Good point !!!
Yes sir, we all will be doing well in 12-24 months. Both guys I spoke with were pretty confident that recreational MMJ would be passed in NV in the next few years, based upon how progressive NV is with their laws. I honestly think the " consent to release not provided", on the NV MMJ website are some huge casino folks and/or politicians. We all know, that the casinos run this place, and those who do, do not want their names out in this industry. They, along with the silent partners, as in the politicians, will have recreational MMJ here in a few years. They are even more greedy than us, and they can control what passes legislation & what doesn't. Example, look at congress women Dina Titus, who flew to Colorado to " look at Can labs facility " recently. They are not stupid, they are going where the $$$ is. The will use the platform of all these tax revenues that will be generated, but in real terms, they are getting rich as well. Its probably time with the shares at 0.028, to pick up more. We are ALL SITTING PRETTY WITH PAZOO !!!!
Yeah, they were really accessible and friendly. I spent most of the night on the open bar side of the room. David Cunic & Ben both gave out their personal cells #'s. I really wasn't expecting Ben to answer all the questions so forth right, but he did. I confirmed everything with Antonio. Overall, just some nice people, doing what they can to move the company forward.
Hi David, sorry we missed each other last night. The total value assessment is based on the reciprocity as well, which is estimated for Vegas at 20-30 % volume increase as well.
Hi everyone, I just got back from the Pazoo event. Lots of good info, from different, legit people. I first spoke with COO Ben Hoehn for about 15 minutes by myself. Very nice guy. I asked a lot of very direct questions about the company and it's future. I have 5.1 million shares, so I have a very strong interest on what's happening, what to expect, and the well being of Pazoo overall. I first asked about Can lab, since its such a large player in CO & other states. He said that they were currently being sued for disclosing multiple pt's medical info ( huge HIPPA violation )& test results ( Antonio told me the same thing 2 days ago ). Per Ben, " He wasn't sure if Can lab actually has a license to run a lab in NV as of yet ( they can do analytical research ), but he wasn't certain about the lab part. ( Maybe someone can research that for us all ) If you look at the articles that we have read about Can lab, they are located in North Las Vegas. Pazoo is in Las Vegas. There is a difference between the two. Vegas is huge compared to NLV. The reason we do not know the names of other labs is bc " consent not to be provided " on the NV web site is bc some " big names " do not want their names mixed in with MMJ. Ben said he is not sure who is the biggest competitor, but he was confident we will be a very strong player in Vegas. He estimates appx 30-35% of the total market.
Antonio Del Hierro, CEO MA associates, is a good friend of mine. We have lunches / drinks / multiple times, been to my house for bar-b-q's with my family. Haven't seen him for a few weeks. He has been busy hustling new business, going to the grow house's meeting with other CEO's ( which he said is pretty challenging & difficult ). Guys, he is a hustler. He has likely 3-4 more clients lined up to be the lab for their product. He is estimating that he will be able to get 1 million square feet of marijuana lined up to run thru his lab. Both Antonio & Ben said that his lab received a score of 242 / 250 potential points !! That was the highest rating out of any test scores for all categories for MMJ in NV !!
Antonio estimates that there is a $ 950 million potential market in NV, over the next 2 years. He said, on a low estimate, that they he can capture at least 15-20 % of this !! You do the math !!!
Antonio has just been hustling his ass off over the past 2 weeks, getting things dialed in. Product should be in the lab likely Feb-March. More info is coming in all the time with Antonio. I am working tmw, I will not be able to respond to many questions if there are any. But overall Pazoo peeps, we are in a really good place. Let the numbers be numbers for the next 3 months, things will change once Antonio has the product in the lab, making us $$$$$$$$$
I am going to the party tonight, and I hope to have info regarding a few questions. Cann labs & analytics, how is PZOO going to compete with this / how they are acquring customers / projections for the next 12 months / how much of the market are they anticipating to obtain, etc, etc...
Cool, I will see you there then.
Will do !!! Yeah, Vegas is a fun place, even on a bad day here !
Is anyone else coming to the PZOO party this Thursday night at NY-NY ???
Exactly.......just chill and wait for the spring when product is actually in the lab, which means value $$$ in the company.
I think the large trading #'s today and the drop in price is the residual effect from all of those day traders last week who couldn't sell their shares last week. Now they are forced to sell what they had left over from last week, at a much lower price than they were hoping to gain.
Welcome !! Do it before the spring time !!
Your funny Moe money!! It was a day to just sit back & watch the others do lame trades all day. This isn't a sprint, it's a marathon. These are days to sit back & stay out of harms way.
Dave, you could not be any more correct. Today was a day for those who are here for today only. It was a day to just sit back & watch these fools bet against each other all day. We will see our gains in the spring & summer!
Who alerted what ?
We all will do very well. Everyone on this board has been involved for many months. Once April- May comes around and the product is in the lab, thats when we will see a large increase in the stock. It is estimated that they will be processing appx 250 K per month thru the lab. Along with the reciprocity for the other states, next summer could be really profitable for all of us. This card has played out perfectly for all of us.
Antonio just texted me that they are the topped ranked lab in the state ! Hell yeah !
Cool, I have been here since 2002. Are you going to the Pazzo event at NY-NY Nov 13th ?
It's estimated 30-40 % increase for the state due to the reciprocity, but with the lab being located just off Vegas blvd, the quantity will MUCH higher for us (PZOO). You will see a much higher infusion of product being processed, right in the heart of Vegas. Much more $$$$ for all.
Are you in Vegas too ?
Go to this website for all kinds of info. They are sponsoring this expo next month.
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September 17, 2014
Nevada’s Experiment With MMJ ‘Reciprocity’ Could Pay Big Dividends, Create Huge Market
Tags: nevada dispensaries, reciprocity
By John Schroyer
In a few months, Nevada will set a new bar for the medical marijuana industry with a provision in the law state legislators passed last year allowing dispensaries to set up shop.
The provision allows any legally registered MMJ patient from anywhere in the world to purchase marijuana in any of those dispensaries.
It’s called “reciprocity,” and only a few other states in the country have it, but to varying degrees. Maine, for example, allows for reciprocity, but requires confirmation from a doctor. And in Rhode Island, it’s legal for out-of-state MMJ patients to possess up to two and a half ounces, but they’re not allowed to purchase marijuana at dispensaries. But Nevada is something of a test case, because their dispensaries will likely target out-of-state MMJ patients as a market.
“You show us your card, you show us your ID, you sign an affidavit, and you can participate in our program,” said state Sen. Richard “Tick” Segerblom, D-Las Vegas, one of the prime sponsors of the measure to establish MMJ dispensaries in the state (Senate Bill 374).
APPX 250k a month once the product is in the lab, likley April / May. The lab is centered right in the middle of the "green zone" in Vegas. Less than 1/4 west of the strip. There will be multiple dispensaries close by the strip to accomadate the hoards of tourist, esp since the recirprocity has been invoked. Majority of our tourist are from Cali, so they can bring their MMJ cards here, get their 2.2 ounces, and enhance there Vegas party, legally ( amongst other drugs they bring with them ) ! The dispensaries are an easy taxi ride from any where on the strip, pretty much right in the middle near Las Vegas blvd & Sahara. So both down town and the south part of the strip can make it to the dispensaries, back and forth, less than $ 25 taxi fare.
Once product is in the lab, it should be nearly double that!! Likely early summer things will be flowing very smoothly.....
That would be great if MMJ was moved from a schedule 1 to schedule 2 class of medication. I am a M.D., it would then move it to the same schedule as the recently re categorized Norco / Lortab to schedule 2 levels. The concern now days by the FDA is the Acetaminophen levels in these prescription medications. I see, amongst other I work with the benefits of MMJ for multiple medical conditions. As of right now though, it requires a special license to prescribe MMJ.
we are good now......
Let me check.....
Check out buxxorcapital.com, they are promoting Pzoo today.
There are at least 6 million class " A " stocks which were paid to MA associates, which is equivalent to 30 million shares. This action today is nothing, to be compared with what to be expected in the next 2-3 weeks. MA associates / Pazoo is planning a huge marketing campaign, once the official letter of acceptance is granted. If you are already in with Pazzo, everyone will be very wealthy in the next 6 - 12 months, once they actually have product (marijuana)in the lab.
I live I Vegas, I spoke with a high level member of MA associates yesterday, and the lab is coming together nicely. They are just waiting on the permits, to be received in the next few weeks....
I checked out the link, I do not see any information regarding Arizona. Am I missing something ?
What is the possibility of AZ ?