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Monday, May 20, 2013 11:01:27 AM
Have you paid attention this past week?
We've recently learned it will take a rescheduling for MJNA to begin accepting license fees for THC infused products.
Without rescheduling, interstate commerce will still apply.
Allowing states to make their own decisions means nothing to a publicly traded company that has THC IP, because they cannot ship across state lines and cannot accept revenue from their products.
"Hiding" any revenues earned from THC sales is still federally illegal, so it's not like they're just holding cash in some off shore account, even when THC becomes illegal, those funds were earned illegally and would never see the balance sheet!
We currently only have revenue (or receivables) from CBD products which are already legal the world wide. MMJ laws have no impact on that business whatsoever.
Medical Marijuana, Inc is a misnomer: should be Medical Cannabinoids, Inc.
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