Replies to post #236685 on Blum Holdings Inc (BLMH)

[IndustryParticipant]

For anyone curious how this actually works:

They are not going to expand at the rate they just did ever again. Its a very slow process in every other state. They caught lightning in a bottle in NV... Mj is now accepted politically and publicaly. There is no fear anymore, therefor The new states will not be giving too many outsiders these cash cow permits.

Of course, 99% of people on this board seem to lack an understanding of the industry, which isn't a negative statement, as unless one participates within it addressing these matters, how could they possibly know?

The above is in no way, shape or form accurate, and simply not the case. In fact, for every (new) state launch, a large portion (and sometimes the majority) actually go to applicants that are out of state, or a large portion out of state. (management, investors, etc.)

Several additional notes:
There was a recent moment (TRTC) which displayed "now they get it"., which was when they addressed lending CA operations support in the form of regulatory, compliance, and various other matters, and , again, for those unaware, the new norm is for such is becoming rather sizable equity for those contributions (anywhere from 20-30% ownership)

Currently, the industry is seeing numerous groups entering various states, acquiring numerous licenses and permits, as well as outright purchasing, in whole or in part.

There are no limitations regarding the above, and those opinions above are simply not the case.

Couple this with, as has been previously addressed, the entry into the industry by non veteran groups having questionable success who are choosing to exit (very large number), as well as California, which will hold numerous opportunities far into the future (acquisitions, through purchase or management deals), there is no shortage of opportunities currently or into the future for anyone who desires to do so.

Given their holdings, their footprint, and direction, CA would probably be the best bet for the moment, as there will be hundreds of operations which simply can't "make the cut" and prime to be rebranded and taken over over the next 12 months....

Again, this isn't to address the original poster, but in case people have an interest as to how this whole game actually works, that's how ;)

This is what I do. Every day my phone rings for people seeking such, as well as current ops and clients seeking the same and have been a part of, in some way, shape or form, virtually every state launch since the beginning.

Frankly, that's actually one of the things I notice about their activities; There are so many opportunities in CA at any given time, I'd personally suggest a little more aggressive negotiation and a wiser selection. (They could get much more for the money than they are I believe).

The call would also be to start moving heavy on Jersey Nov 8th as well of course.

[Saskey]

Genuinely depressing to watch the PPS sink like a mafia hit with bricks tied all around its ankles, when by all rights TRTC stock should be soaring like an eagle through the skies.

[sleepernw]

BS Quote "They are not going to expand at the rate they just did ever again" So 2 new dispensaries in CA not expansion? Or built in infrastructure in NJ is not potential expansion ? Yep always credible comments from a legend