Replies to post #67383 on Primco Management Inc (fka PMCM)

[BigAlBalbosci]

Where I live, the dispensaries that have been around the longest have grandfathered in "perks".
For instance, if a decision to cut the amount of dispensaries down in an area is made; then the newer clubs will be the first to get shut down.

Suzie Q has been open almost 5 years which is a LONG time for Washington State.
Suzie Q had started the i502 process for recreational WAY in advance.

PMCM owns Suzie Q, but Suzie Q was working on the process prior to the acquisition.

Its been a while, but I KNOW I have looked at building permits and i think i502 permit paperwork in the "exhibits" of the 8k for suzie Q aq.

Thus I knew the renovation was on the way before they started... And I have the same hunch about the recreational

I also want to mention that Medical Patients in Washington State do not care about the recreational law the way investors do;

taxes will differ,
medical patients will have price breaks and access to specialty forms of medicine not recommended for recreational

Suzie Q I believe will be a recreational club, but not by cutting the quality of service to their PATIENTS.
New patients all the time; especially after the re-model!imo

[sherstock holmes]

I think to solve this you do a hypergeometric distribution function.

I read about 800 final applicants.

I read pmcm had 3 production and 1 processing application.

I used an online hypergeometric calc and put in

population size = 800
population success in population = 334
sample size = 3
and for number of success in sample size, you can put in 1, 2, and 3 and calculate seperately.

Prob of all 3 producer licenses = 7.2%
only 2 = 30.4%
only 1 = 42.56%
At least 1 = sum of those = 80.2%

For the processing put sample size = 1, and sample success = 1 and you get 41.75% chance to get that.

11% chance none of the 4 get picked. However, maybe these numbers are wrong, for example, maybe they are only giving out 100 producer licenses of the 334 given out. Maybe 50 processing licenses, etc. Not really sure, but this is my best guess from the information I know