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Wednesday, November 11, 2015 10:50:38 AM
Be careful folks. Bagholder stocks are subject to a lot of fabricated hype. Here's another source indicating IVXX will remain not-for-profit until 2018 (ouch). Don't be fooled.
"Under current regulations, cannabis dispensaries must be nonprofit collectives or cooperatives. Under the MMSRA, a cannabis business can be a nonprofit — or an LLC or a corporation, which can turn profits.
Profit will have to wait until state licenses are issued [2018], but profit will no longer be a reason for law enforcement raids (at least from state cops)."
http://m.sfweekly.com/sanfrancisco/news-marijuana-medical-marijuana-medical-cannabis-cannabis-california-cannabis-industry-association-ab-266-sb-643-rob-bonta-jerry-bro/Content?oid=4160490
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