Tuesday, April 05, 2016 11:42:23 AM
TRTC has a lot at work already and is working towards a lot more. Since TRTC is a vertically integrated cannabis company from seed to sale, it has an edge on making profits. Just wait for the Q2 / Q3 reports where the PROFITS from current operations will be used to fund other buildouts which will create even more profits in the long run. Of course TRTC's using toxic financing in their situation and so far, it's worked out fine. Just look at the quarterly reports or stock chart on their website. Because of marijuana's federal illegality, TRTC can't get big bank loans or wall street investments.... yet. But on the state level, marijuana businesses are highly lucrative. Especially in CA and Las Vegas, where TRTC is! Now, how many rich investors are residing in those 2 places?
In response to marijuana being a schedule 1 drug, the government will not pursue it at this point - the business is too large and even the politicians in D.C. don't want us getting our marijuana from Mexico. Marijuana brings in tons in tax revenues for states which choose to legalize it and tax it. Nevada's reciprocal policy towards out-of-state marijuana licenses is pure genius.
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