![](https://investorshub.advfn.com/uicon/25453.png?cb=1487862100)
Thursday, March 15, 2018 1:11:43 PM
You're probably familiar with the phrase "what happens in Vegas stays in Vegas".
The market for cannabis products in California and Nevada is extremely large and growing........both are great places to get products such as our Cannophen manufactured and placed in dispensaries.
But you need to keep in mind that as of now, there is no interstate market for MJ products. California is in the process of implementing their seed-to-sale tracking system. In California, the Bureau of Medical Cannabis Regulation , the BMCR, requires that a seed-to-sale, “track and trace” program is used for all cannabis businesses, including growers, testers, processors, manufacturers, transporters and dispensaries. The California Department of Food and Agriculture will establish the track-and-trace program for medical and nonmedical cannabis. This program will allow the movement of cannabis to be documented from the moment it’s planted in the ground (by cultivators), to when it’s tested (by testing facilities), to when it’s sold (by dispensaries). According to the BMCR, “the system will ensure that if public safety concern arises, the source can be quickly identified”.
The marijuana grown and manufactured by California licensed businesses can only be sold in California, same goes for Nevada and every other legal cannabis state. It can't be legally transported across state lines. An interstate market is expected to happen one day, and that may only be a few years away.
Selling RSII products in California and Nevada is huge and a great place to start. Federal laws need to catch up to the will of the people.
HC
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM