Blum Holdings Inc (BLMH)

[mfdesigner]

What will happen to TRTC's other licenses comes May 3rd 2016?

If an MME has submitted its provisional registration renewal on time and continues to make significant progress towards opening, the Division intends to take no action on the MME’s certificate at the 18-month, May 3, 2016 deadline. However, if the MME is not making an effort to become operational, is unresponsive, or submits misleading or incorrect renewal information, the Division reserves the right to investigate and revoke the MME’s registration.

The Nevada License Bust is Coming. Even though right now is a seller’s market for Nevada MME licenses, it is not going to stay that way for long. We have seen what has happened with cannabis license pricing in other states we believe the same thing will happen in Nevada, and fairly soon. Las Vegas residents are all too familiar with boom and bust economics, and they will soon experience the same thing with MME license prices. The main reason we see Nevada MME licenses falling in price soon is because the licenses are provisional. This means that if the license holder does not obtain final certification from the State of Nevada by May 2016, the license becomes nothing more than a worthless piece of paper.