Green Growth Brands Inc GGBXF

BIG RED FLAG

[motamota]

I want to ride the wave here with GGb... But heres what I've dug up.....Of the 61 retail licenses that were recently issued (7 to GGB ). 31 of those licenses are in Clark County. Clark County has voted 7-0 to put a moratorium on issuing any new business licences relating to the newly awarded dispensary applications. 
 

Furthermore, City council is meeting today (skip to item #26 in the agenda) :"Discussion and Possible Action Regarding Processing of Applications for New Retail Marijuana Establishments"

https://www.cityofnorthlasvegas.com/SirePub/mtgviewer.aspx?meetid=2012&doctype=AGENDA

Hold on to you hats if they recind the newly awarded licences and re-do the scoring process.

Be safe folks... best to hold out until the dust settles.

[LovingLoveWEED]

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[Styles76]

First off, this is a discussion on how to handle future applications. Secondly - The recommended action is to Approve the discussion. So... why would you hold out on getting cheap shares based on a formality, which could be something as tiny as changing the font on the application form? They clealy don't intend to restrict future licenses.

[motamota]

haha Font change... I'm hoping that's all it is.  How do you argue the surprise 7-0 vote to not issue business licenses related to those newly minted dispensary provisionals? it seems like the snowball is getting bigger. If these discussions advance GGB is in hot water.. quickly. 

[Styles76]

 Las Vegas has legalized prostitution, let's not forget... they really likely won't be trying to limit cannabis distribution or consumption.  The vote is to make sure that they maintain some control (ie - tax revenue) with all the dispensaries. It's difficult to enforce regulations (ie - ensure no side deals are occuring that don't get taxed) when there is a large number

[motamota]

item 74 https://clark.granicus.com/MinutesViewer.php?view_id=17&clip_id=6106&doc_id=11c801b6-04b5-11e9-b021-0050569183fa

[Styles76]

This is the video, from Dec 19th https://www.youtube.com/watch?v=uy85sfzuyHM About 8 minutes in, he discusses the licensing process in Nevada and why he believes they were awarded more licenses than they expected. The whole video is a good watch if you're serious about getting on the GGB bandwagon though.  

[motamota]

Its was a great accomplishment by GGB to obtain 7 licences.. no doubt about it. They have great retail background. good luck all 

[LovingLoveWEED]

This post has been removed in accordance with Community Policy