Blum Holdings Inc (BLMH)

[Magnum7419]

DP clears up the "for Profit" issue in California IMHO

"And I talked a little about the not-for-profit versus the for-profit legislation that's in place right now. So everybody understands, California is not a non-profit state, it's a not-for-profit. So you don't have to operate as a 501(c)3 or anything like that under those same parameters or rigid over site.

What it essentially means in the spirit, otherwise you can't operate in that industry for the pure motive of making a profit. What you can do is build the business out, distribute the product out to patients. The cash flow that comes in you can certainly use that cash flow to continue to build the brand out.

And it's a new brand. So we had no expectations of significant profitability out of that brand in the short run in anyways, because we're continuing to reinvest in the brand through expansion throughout California, which is a gigantic market. It's the largest medical cannabis market and largest cannabis market in the country. So even if we were able to operate for-profit, we would continue to be pushing money into this particular brand for expansion in the California marketplace regardless."

http://seekingalpha.com/article/3435026-terra-techs-trtc-ceo-derek-peterson-q2-2015-results-earnings-call-transcript?page=8