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Alias Born | 04/20/2018 |
Wednesday, January 23, 2019 9:48:33 PM
However, blast off will really occur when federal rules change around cannabis hopefully this year. Diego doesn't own the dispensaries yet so they can't put that revenue on the books or utilize for growth.
They are limited to lease revenue for the time being, getting outside financing that's not a favorable terms, or getting a wealthy investor to get involved for a piece of the business. That's why we mention someone like a Snoop Dogg or other wealthy, cannabis friendly investor as they tick all the boxes from capital to awareness to brand recognition.
The federal regulations handcuff cannabis companies which is why I think it's imperative every CEO of a cannabis company contact their congress people repeatedly demanding cannabis be rescheduled from sched 1 to sched 4 or 5 or to allow States Rights Act to take precedent.
That change allows all cannabis companies to get traditional financing from regulated banks and investment houses at favorable terms, allows DPWW to acquire the dispensaries without selling shares and will allow them to grow the retail footprint domestically in key cities. That is the real rocket booster ignition catalyst which will make our DPWW SP dreams come true. It will happen with patience, no doubt!
Peace.
CF
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