MJNA owns 60% of Red Dice Holdings.
RDH owns the intellectual property of the Dixie Brand.
The manufacturer of Dixie products in Colorado is Dixie Elixirs, which is owned by Left Bank, LLC (owned by Tripp Keber and his partner).
Dixie Elixirs is a licensee of the Dixie Brand and Intellectual Property (trademarks and recipes owned by Red Dice Holdings)
Red Dice gets that license fee.
MJNA gets 60% of that license fee after RDH expenses.. So 60% of RDH profits.
MJNA only gets license fees from the CBD product lines (Dixie Botanicals), not the THC product lines.
I'm not sure if RDH gets the THC license fees and just doesn't pay MJNA or if RDH collects zero license fees for the THC lines.
Whichever way, MJNA accepts no monies that are the result of selling THC products at this time because of interstate commerce laws; monies as a result of THC sales are federally illegal.
Now... 40% of RDH is owned by Dixie Holdings (or something like that, not entirely relevant) and that too is owned by Tripp Keber and his partner.
Tripp and his partner 's companies are not publicly traded, they can realize THC based revenues inside the state of CO but run the risk of Federal involvement. CO has a special certification that Dixie Elixirs has earned that is very strict, and if the Feds raid Dixie Elixirs, then the State of CO can sue the federal government, somehow or another. I'm not entire sure of CO laws...
Which leads me to think RDH is not accepting THC related fees too.
So basically, MJNA is only receiving license fee revenues from CBD product lines which are legal worldwide and available in CO and AZ dispensaries as well as online.
