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Wednesday, September 26, 2018 11:22:55 AM
Currently TRUL has 17 dispensaries. Florida Statute caps the number of dispensaries to 25, so there is limited growth. I understand that TRUL is suing the state of florida to change this, so it could change. Also if the number of active qualified patients rises above 100,000 in the registry, this could go up. http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0300-0399/0381/Sections/0381.986.html
But...
I see a big longer term problem. Groups have been pushing to legalize marajuana use in Florida. A constitutional amendment doing this failed to get on the ballot for this year, but I would expect it to succeed in future elections. If it passes, all bets are off for medical dispensaries in Florida since you won't need a medical reason to buy marajuana.
On the plus side, this seems to be a good, established business model with existing sales. I would like to know how to get a prospectus showing what assets and liabilities this company has. I am finding this difficult to get. Anyone know how to get one?
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