Blum Holdings Inc (BLMH)

[Demar]

TRTC Has A Large Opportunity In Las Vegas

Mar 20, 2014 3:32 PM

According to this Las Vegas Sun article, Clark county (the county where Las Vegas is) just approved land use and licensing rules for commercial marijuana growing in there county. While this is interesting news for a number of players in the industry (OTCQB:PHO*, OTCQB:CAN*, OTCPK:ATTB*, FUL*, etc.) it is key for OTCQB:TRTC. Establishment of the regulations allows TRTC to move forward with a commercial cannabis growing facility in the area. As a matter of fact, since TRTC formed a Nevada team headed by connected Rebecca Gasca, I would be surprised if they didn't have some influence in writing them.

For those who may not be aware, Nevada dispensaries will be able to accept medical marijuana cards from other states and they are limiting how many suppliers will be approved. Furthermore, there are three potential licenses: one to grow, one to process and one to distribute with rules and hoops to jump through to get each one. It's basically set up to limit the market to a few large, well controlled facilities. So those like TRTC with ins are set up to succeed in what you got to think is going to be the largest medical marijuana market in the country, Las Vegas.




http://seekingalpha.com/instablog/379412-darren-mccammon/2772083-trtc-has-a-large-opportunity-in-las-vegas?source=kizur_seekingalpha