RE:RE:Wondering ....Ya I came to same conclusion when I posted it but wanted more sets of eyes ...
BarstoolSage wrote: Man that excellent question had me do some research. This from a web site that discusses their proposition.
https://marijuanapolitics.com/16-facts-about-the-reformca-2016-california-marijuana-legalization-initiative/
NOTE THIS IS WHAT THEY BELIEVE LEGISLATION WILL LOOK LIKE. NO DEFINITIVE ANSWER
Does make me take back an earlier post about not worrying about this closing. Glad I actually took my cost of the table at .46 earlier today and am left holding my profit in this play. I also take back what I said earlier about there being no risk in this dreal closing because it is so attractive.
There will be eight types of commercial marijuana licenses: Cultivator, Nursery, Manufacturer, Distributor, Retailer, Transporter, Tester, and Researcher. You’ll need to be a 21+ adult with two years’ residency in California and no violent or fraudulent felonies in your past. Marijuana crimes older than three years will not count against you. Cultivator licenses will be in tiered categories by size, with a special “craft” tier for farms below one-half acre in size. Existing medical marijuana industries will be granted provisional licenses and given precedence in acquiring the new commercial licenses