Blum Holdings Inc (BLMH)

[masterflipper]

CLARK COUNTY ONLY - NOT NEVADA - NO GROWING EITHER UPON ISSUANCE

What is coming up next is a permit issuance to 50-100 applicants. TRTC is not the only game in town. It is important for investors to know that. From the pool a certain number will be chosen as permit holders. Background checks will be conducted. That may prove problematic for TRTC. Upon issuance, no pot can be grown or imported or sold in Clark county. It is not a a statewide license, as some who try to mislead investors.say.

The next step is to obtain a license from the state of Nevada. That process will occur in late 2014.

The next step after that is that proprietors have 18 months to be up and running or they will lose their license. So an entity cannot acquire a license and not use it. Peterson said it will be very difficult to be up and running in that amount of time. but TRTC "will try." (If background checks pass.)

18 months from late 2014 is April 2016 when any potential revs come in for proprietors. It will not be $20,000,000 dollars either.Not even close.

All of this is for #$%$. That market will easily be saturated. There is no money in it.

Peterson does have a very big interest in this. His only desire in my opinion is commercial, which is years away.

TRTC has to pass background checks. As a banker, would you lend TRTC money to build? No. So he has to go to shareholders. Large shareholders who finance pot sell right away. They loan money and sell millions of shares. Since fall 2013, TRTC has sold 91,000,000. Those shareholders got shares as cheap as 6 cents per share. Most shareholders now are common bag holders.

Those granted permits, need to have historically paid taxes in Nevada. I don't think TRTC has done that, so they need to start shipping lettuce there asap.

TRTC Market cap: $141,000,000

TRTC could make it someday, but it is couple of years minimum before revs start to trickle in.

My opinion only.