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Medical Marijuana, Inc. Message Board

  • sully_5353 sully_5353 Mar 15, 2013 5:43 PM Flag

    Is an Early Window of Opportunity Closing for #$%$ Investors? March 15, 2013

    Investment opportunities in the medical #$%$ industry abound – but interested parties had better move quickly. That theme echoed through several speakers’ presentations to more than 115 investors and #$%$ entrepreneurs packed into a SOHO–area penthouse in Manhattan yesterday evening at MMJ Business Daily’s first quarterly New York Seminar for Investors and Entrepreneurs.

    “I was in New York looking for major investors two years ago,” said one of the speakers, Tripp Keber, director of #$%$, Inc. (OTC: MJNA). “Nobody would invest. The fact that all the seats in this room are filled, and you even sold out standing room-only tickets, is both ironic and incredibly heartening.” Today, #$%$ Inc. is booming despite the previous lack of investor interest, with fourth- quarter 2012 revenues surging 1,100% from the same period a year earlier.

    Speaker Jessica Billingsley, co-founder of MJ Freeway Software Solutions, also noted she and her partners had spent a great deal of time in the past seeking private equity, only to be turned down. In fact, she labeled it one of their biggest mistakes. “We should have put that time instead into focusing on growing our business,” she said. MJ Freeway wound up turning to private connections for bridge loans.

    Now her company is profitable and the political climate is more favorable – and those same equity firms are calling saying they’re ready to invest in return for some equity. “Well, we don’t need them now,” Billingsley siad. In fact, she and her partners have joined an MMJ angel funding group as investors themselves to back more companies in the industry.

    To be continued

    Sentiment: Strong Buy

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    • bump...

      Sentiment: Strong Buy

    • THX FOR POSTING

      Sentiment: Strong Buy

    • garysizemorejr@gmail.com garysizemorejr Mar 15, 2013 6:01 PM Flag

      Great article sully! Thanks for posting this. I think Tripp is doing a great job at Dixie! America is coming around,and I think time is running out on .30 shares. We may be flat a little while longer, or even down a little till we get some new financial news, then it will be too late to get .30 shares!

      Sentiment: Strong Buy

    • Speaker Erik Williams, president of the Connecticut Medical #$%$ Business Alliance, warned investors in the crowd that they could miss out on huge opportunities if at least a few banks have a change of heart and start funding MMJ companies, which he thinks may be imminent. “If we can get bank loans, hey, we’re a heavy cash flow business. We won’t give up equity anymore.”

      Several attendees echoed Williams’ reading of the bank situation, saying some financial institutions could consider entering or reentering the market – possibly even this year – although no one could point to a bank in particular.

      280E (or “280Eeeeek” as Williams called it) was also a frequently mentioned concern. This tax code, which the IRS has used as a weapon to penalize state-licensed #$%$ producers and dispensaries, disallows all business cost deductions that are allowed to all non#$%$ businesses.

      That doesn’t mean Williams is against legitimate taxation, especially on the state level as a political tool to safeguard the industry’s continued legality. “We’re the only industry that’s begging to be taxed,” he said. “Once they get that needle in their vein, they’ll never want to cut it off.”

      To be continued

      Sentiment: Strong Buy

      • 1 Reply to sully_5353
      • Keber noted that current federal regulations against #$%$ are not only hurting the US because his company’s CBD-infused products rely on imported hemp extracts, but also because hundreds of millions of dollars that US entrepreneurs could be making is instead finding its way into the hands of Mexican cartels, with their associated violence.

        “When you’re investing in a marijuana business, you’re investing in America,” Keber noted in a comment that brought the house down.

        lol SULLY

        Sentiment: Strong Buy

 
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