City needs MJ Payments App, Now!(?) MJ acreage goes for $1.0 mil. apiece, and Desert Hot Springs, (in California), uses its acquisitions for funding, too. Maybe the City can go into the Payments App business? What a city can do, is get the banks to fund. . . .The City, and its projects(?). Someone with a payments app already, could do well, there, Neigh-sayin' on behalf of the "Famous," Mr. Ed. There is other MJ investment in that area!
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Sedlin isn't alone in hoping the weed business does well in California. The nascent market is already bringing economic prosperity to the local economy, which desperately needs it.
Desert Hot Springs, where Canndescent is based, went bankrupt in 2001 and almost did again in 2014. Then, the town decided to become the first place in California to allow indoor pot farming on an industrial scale. The once impoverished town has experienced a renaissance.
"Well, make an example, the city bought a piece of property in 1980 for $5,000, one acre. We just went into contract to sell that for $378,000," says Scott Matas, the mayor of Desert Hot Springs.
Sedlin says his weed business is good for the town. "I mean look, we pay our taxes. We're good corporate citizens. We conform to California law. Every municipal law that we have," he says. "And guess what? I'm gonna be employing 280 people within 18 months
