IMO they have the same problem a lot of public companies have. They want to b in the pot business but don't really have a plan so they decide 1. we r going to grow 2. We are going to distribute or 3. We r going to make a payment system.
All of these pot stocks come up with the same idea everyone else has and then fall flat on their face because they don't actually know what they r doing!! How many pot stocks decided they were going to start growing pot without having any actual experience?? Like 50% of them... At least!!
Actually they will be frowing Hemp not flowers, as hemp is much more profitable and its uses are near limitless... also hemp is much easier to grow and yields much larger crops... I think it will be the first Hemp farm in the united states .. Profits and growth will be astonishing .!!! Buy Buy Buy
the land deal is just another attempt to pump the stock price
no more
no less
If you look at MDBX's history the last few years, they attempted to do dozens of real estate deals, including putting deposits on many, most of which never closed....
Still trying to figure out why Medbox decided to purchase the Pueblo CO land.
Right now they would only be able to sell crops in Colorado. Cannot take product across state lines or they are subject to arrest, fines, impoundment , and who know what else.
Everybody and their mother is buying farms in Colorado so they can start growing weed. Leads to high purchase prices but if everyone is growing it weed prices have to start dropping rapidly, even more so when the market size cannot grow beyond Colorado unless the federal govt reverses it's position on pot. Oversupply and stagnant demand.
I guess Medbox is gambling that one day the Fed will do just that. Hope Medbox is around to see that day otherwise the price of land may go just as fast as it went up.