Monarch America Inc. (fka BTFL)

[stervc]

buythebuy, key, with BTFL…

I share your same thoughts. I was in SGBY in the low .001s and sold way to early when it popped to the high .001s range. The stock later dropped down to .0004 per share, but I was waiting for the “Ask” to hit .0003 per share from trying to time when the dilution would stop, but it never quite got there. As we saw last week, SGBY hit .03 per share. One, two, three, or so ticks here at these levels really doesn’t matter if the stock could turn around with a major move.

I’m not going to make that mistake here with BTFL which is why I’m taking the risk to hang around for a while to see what will materialize. I believe that the CEO is going to win against the charges that are being brought up against him. As we read, Eric Hagen, the BTFL CEO pleaded Not Guilty against to possession and other drug charges related to a failed attempt to establish the nation’s first marijuana resort at a Native American reservation:
https://www.washingtonpost.com/national/latest-consultant-pleads-not-guilty-to-possession-charges/2016/08/15/d6ded054-62f8-11e6-b4d8-33e931b5a26d_story.html

I think when the vote came around for South Dakota to vote yes for legalizing marijuana and the vote ended up being a vote of no, then the Indian tribe in South Dakota felt as though the efforts were a waist due to the fear of the federal government being able to raid the operations and shut it down while issuing some arrests in the process.

The burning of the crops might have been a little prematurely depending on when such happed and based on a few other things. However, BTFL has other operations in states where marijuana was legalized by such state. This makes the recent ruling below very signficant:

http://www.safeaccessnow.org/federal_marijuana_law
CJS 2016 Budget Amendment Provides Protection

In 2014 and 2015, Congress called a ceasefire in the federal war on medical cannabis. In the first change in federal law affecting patients since 1970, when it classified cannabis as a dangerous drug with no medical use, Congress approved a budget amendment that prohibits Justice Department funds from being used to prevent states from implementing medical cannabis laws. These restrictions on federal enforcement are part of the 2016 funding bill for the Commerce-Justice-Science (CJS) budgets and expire at the end of the fiscal year, September 30, 2016.

Known as the Rohrabacher-Farr or CJS amendment, it first signed into law on December 16, 2014 and then again on December 18, 2015. The Rohrabacher-Farr amendment doesn’t just prevent direct interference with state implementation; it should also end federal medical cannabis raids, arrests, criminal prosecutions, and civil asset forfeiture lawsuits, as well as providing current medical cannabis prisoners with a way to petition for their release.

Similar bipartisan amendments to limit federal enforcement in medical cannabis states have been offered seven times over the past 12 years without success. Over the past few years, ASA has promoted citizen lobbying as part of the annual National Medical Cannabis Unity Conference and Lobby Day in Washington, DC. Hundreds of visits from patients and advocates have helped demonstrate to Members of Congress that medical cannabis is an issue important to their constituents.

So even if South Dakota never votes yes for marijuana either medically or recreationally, BTFL still have other operations in states where marijuana has been legalized as indicated below:

http://www.monarchamerica.com/
http://www.monarchamerica.com/brands/

This is also significant as it relates to BTFL:

Appeals court rules feds can't prosecute medical marijuana cases unless state law violated

SAN FRANCISCO – A federal appeals court on Tuesday banned the Justice Department from prosecuting medical marijuana cases if no state laws were broken.

A three-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco ordered the federal agency to show that 10 pending cases in California and Washington state violated medical marijuana laws in those states before continuing with prosecutions.

Marijuana remains illegal under federal law, but Congress has barred the Justice Department from spending money to prevent states from regulating the use or sale of medical pot.

Federal prosecutors argued unsuccessfully that Congress meant only to bar the department from taking legal action against states and that it could still prosecute individuals who violate federal marijuana laws. The court rejected that, saying that medical marijuana-based prosecutions prevent the states from giving full effect to their own measures.

"If DOJ wishes to continue these prosecutions, Appellants are entitled to evidentiary hearings to determine whether their conduct was completely authorized by state law, by which we mean that they strictly complied with all relevant conditions imposed by state law on the use, distribution, possession, and cultivation of medical marijuana," Judge Diarmuid F. O'Scannlain wrote for the panel.

Federal prosecutors could ask the 9th Circuit to reconsider the case or petition the U.S. Supreme Court to take up the issue. Justice Department spokesman Peter Carr said officials are still reviewing the decision.

Marijuana activists and lawyers representing medical pot suppliers say the ruling is a significant addition to the growing support for broad legalization of the drug. Marijuana is legal for medicinal or recreational use in 25 states and the District of Columbia. In addition, ten states have marijuana legalizations measures on the November ballot.

"This is the beginning of the end of federal prosecutions of state medical marijuana dispensary operators, growers and patients," said Marc Zilversmit, an attorney representing five people who operate four marijuana stores in Los Angeles and nine indoor growing sites in Los Angeles and San Francisco.

Still, Zilversmit and other medical marijuana supporters said the Obama administration and federal authorities are still fighting the drug's legalization.

On Thursday, the Obama administration announced that marijuana will remain on the list of most dangerous drugs, but said it will allow more research into its medical uses.

The Drug Enforcement Administration said the agency's decision came after a lengthy review and consultation with the Health and Human Services Department, which said marijuana "has a high potential for abuse" and "no accepted medical use." The decision means that pot will remain illegal for any purpose under federal law.

Rep. Earl Blumenauer, an Oregon Democrat who helped draft the language barring the Justice Department and its 93 U.S attorneys across the country from spending money on medical marijuana prosecutions said the "DOJ has been a little slow to pick up on" lawmakers' desire that prosecutors go after organized drug rings and leave alone medicinal pot sellers and users..

"Congress is increasingly united in the recognition that we should not interfere with what states are doing with medical marijuana," Blumenauer said. "Unfortunately we've got the DEA and 93 U.S. attorneys who have people that are still frying little fish."

v/r
Sterling