Blum Holdings Inc (BLMH)

[Magnum7419]

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.