Friday, July 04, 2014 1:58:50 PM
"ask, is all seriousness what are these companies in Colorado you are referring to? Residency in Colorado is a requirement ( I believe two years) to grow or sell marijuana to help organized crime from moving in and taking over the market. My issue and a reason I sold a lot of shares was I still cant figure out why selling edibles in Colorado was hyped up if it was not possible, Was the law too ambiguous at that point or just an effort to get the pps up and at the same time give them an excuse as to why it failed."
Dude,
This residency smoke screen is just an excuse to explain why nothing has happened.
1) USEI posted pictures of their Colorado kitchen and pictures of the type of edibles that will be produced for the Colorado market. USEI would have had to known the necessary State regulations and, in a press release, they announced the hiring of an expert Colorado based consulting firm to help in finding business opportunities. Thus, USEI and this expert consulting firm would have know any State regulations with regard to residency.
2) Assuming Colorado has a two year residency requirement, USEI could have partnered with an existing Colorado company who would actually sell the edibles. This type of arrangement is common in all types of business industries. The manufacturer of these vape pens is likely in China, does this Chinese company have a license to sell directly to US consumers.......no. But, they have arrangements with USA importers and companies who do have the license to conduct business in the USA, and who then actually sell the products to USA consumers. This type of business arrangement is very common.
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