Replies to post #70210 on Blum Holdings Inc (BLMH)

[Magnum7419]

Does your figures cover ONE facility or all EIGHT....Please break down the costs for each dispensary and each cultivation and each production center as well as each cultivation for produce...

[madness420]

So if you divide the Numbers of MMJ card holders(5859) in Nevada by the number of dispensaries (78) that equals to to an average of 77 costumers for each not factoring in where the reside.

A Nevada State MEDICAL Marijuana Holder may possess up to two and one-half ounces of of usable marijuana total in any 14-day period, so if we max each person out to the allowed limit:

1 person is able to obtain 26-2.5oz. buys in a year for a total of 65 oz or a bit over 4 pounds a year.
Now multiply that 4 pounds by the total number of Card Holders ( 5,859) that equals 23,436 lbs for the whole state. At a maxed out retail price of 8000$ a pound that is a total of revenue of $187,504,00 for in state revenue from existing card Holders.

Divide that $187,504,000 by the number of dispensaries (76) equally and the number is $2,467,157 per dispensary as an average.

Link: for above amount of Medical Card Holders: http://www.thedailychronic.net/2014/36381/174-applicants-vying-for-nevadas-76-medical-marijuana-dispensaries/

Factoring in other states that have a reportable MMJ registry that allow there card to be verified, thus obtain MMJ in Nevada while visiting by say 5x and TRTC’s production from one cultivation MME exceeds that by far. IF there is more than one….which there likely be who are ‘they’ going to sell it to?

Betting on Medical Marijuana and the revenues produced isn’t going to make anyone rich. Legalization of adult use of Marijuana is the only way that TRTC will generate enough revenue to be truly profitable in NV