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  • Buying Medical Marijuana? You Are Being Robbed [View article]
    Dixie does not have local licensing from the City of Denver and is about to be issued a formal letter of denial by the MMED CO's state licensing agency for months of non-compliance on paying their license fees, so I think they are part of this too... in fact I started following seeking alpha because this was the only place to watch the other half of the scam play out and I wanna be watching when "flip" gets caught red handed.
    Apr 25 03:01 AM | Likes Like |Link to Comment
  • Medical Marijuana Inc.'s Recent Transaction And Guidance Raise Questions [View article]
    Wow, I've been waiting for some of this to come to light for years... keep following this story Alan, and buyers beware... I first became aware that the Original owner of Dixie's had a past as a serial ponzi scheme/bubble scam operator in 2010. According to my research he's been involved in both Tech bubble scam and Mortgage bubble scam over the past decade, and walked away with enough money to enter this industry with zero intellectual property (until he stole some from the defrauded product originators).
    Dixie does not even have full state licensing completed as was required by Colorado's medical regulatory enforcement division over 8 months ago...
    Furthermore the state of Colorado has no legal way for out of state investors to own a single share much less any out of state financial interest in any legal Medical business (and this has been extended to pending recreational operators too) this is from the state medical code section concerning persons ineligible to become licensees...
    investors may find the actual laws about this pertinent before they fork over their cash.

    http://1.usa.gov/ZilzYZ

    or to condense:

    12-43.3-307. Persons prohibited as licensees:
    (m) An owner, as defined by rule of the state licensing authority, who has not been a resident of Colorado for at least two years prior to the date of the owner’s application;

    12-43.3-306. Denial of application.
    (1) The state licensing authority shall deny a state license if the premises on which the applicant proposes to conduct its business do not meet the requirements of this article or for reasons set forth in section 12-43.3-104 (1) (c) or 12-43.3-305, and the state licensing authority may deny a license for good cause as defined by section 12-43.3-104 (1) (a) or (1) (b).

    CHAPTER 9 --- State Licensees ---
    9.100 - Unlawful Financial Assistance. [Effective: 7/01/11]
    A. Each license must be held by the owner of the licensed establishment. "Owner" means the person or persons whose proprietary interest is such that they bear risk of loss other than as an insurer, and have opportunity to gain profit from the operation or sale of the establishment.
    In determining who is the owner, elements considered in addition to risk of loss and opportunity for profit include: (1) possession; (2) who controls the license; (3) who guarantees the establishment’s debts or production levels; (4) who is beneficiary under the establishment’s insurance policies; and (5) who acknowledges liability for the business’ federal, state, or local taxes.

    *** this is the interesting part they've omitted from their guidance***
    D. A partnership interest, limited or general, a joint venture interest, ownership of a share or shares in a corporation or a limited liability company which is licensed, or having a secured interest in furniture, fixtures, equipment or inventory constitutes ownership and a direct financial interest. Each individual with this type of ownership or direct financial interest must have an appropriate license.

    so the bubble here works this way... they keep taking the cash and waiting for federal intervention since they are clearly not state compliant... ( they have dozens of unlicensed out of state investors) then they take the cash and run, and use their absentee ownership status to leave the management level employees hanging out to dry for holding the bag on committing realtime violations on the ground...

    but like the author here this is just my opinion as a person who is in the industry and has investment background, and has watched this guy like a hawk since he made a shady take over approach to my own fully legal business. Sure they have some cash, but only a fool would hitch their life's dream business to a scam artist like Tripp.
    Mar 7 08:38 AM | 4 Likes Like |Link to Comment
  • Medical Marijuana Inc.'s Recent Transaction And Guidance Raise Questions [View article]
    the comments above come directly from the Colorado Medical Marijuana Enforcement Division the sub-division f the Colorado Dept of Revenue's website section on licensing and rules. Im having a hard time reconciling the unlawful financial assistance and out of state investment issues with the penny stock involvement of Dixie, which clearly violates their eligibility to be legally licensed by the state of Colorado, thereby begging for federal intervention based on interstate commerce alone...
    Mar 6 04:53 PM | 1 Like Like |Link to Comment
  • Medical Marijuana Inc.'s Recent Transaction And Guidance Raise Questions [View article]
    Tried yesterday 3x to post a link to CO's MMED website with important information on ownership standards for licensed cannabis businesses where shares are concerned and the violations MNJA is of those rules for licenses....

    quite frankly Im baffled as to why Im getting blocked from sharing but I advise you all to google CO MMED and get researching in the state's enforcement code...

    and you might find it relevant that in the past two years our industry has gone from 1138 applicants to 675 existing medical businesses. Considering projected costs of conversion to recreational sales and licensing, many industry members predict the coming year will be more about continued attrition than expansion. This means that your potential investment has fewer retail outlets to offer their products in, as the brand is limited to wholesale only, no retail operation is attached to Dixies operation at this time.

    http://bit.ly/168nK80
    Mar 6 08:52 AM | Likes Like |Link to Comment
  • Medical Marijuana Inc.'s Recent Transaction And Guidance Raise Questions [View article]
    12-43.3-307. Persons prohibited as licensees
    (m) An owner, as defined by rule of the state licensing authority, who has not been a resident of Colorado for at least two years prior to the date of the owner’s application;

    CHAPTER 9 --- State Licensees ---
    100’s --- General Disclosure Requirements
    9.100 - Unlawful Financial Assistance. [Effective: 7/01/11]
    A. Each license must be held by the owner of the licensed establishment. "Owner" means the person or persons whose proprietary interest is such that they bear risk of loss other than as an insurer, and have opportunity to gain profit from the operation or sale of the establishment.
    In determining who is the owner, elements considered in addition to risk of loss and opportunity for profit include: (1) possession; (2) who controls the license; (3) who guarantees the establishment’s debts or production levels; (4) who is beneficiary under the establishment’s insurance policies; and (5) who acknowledges liability for the business’ federal, state, or local taxes.

    D. A partnership interest, limited or general, a joint venture interest, ownership of a share or shares in a corporation or a limited liability company which is licensed, or having a secured interest in furniture, fixtures, equipment or inventory constitutes ownership and a direct financial interest. Each individual with this type of ownership or direct financial interest must have an appropriate license.
    Mar 6 05:34 AM | Likes Like |Link to Comment
  • Medical Marijuana Inc.'s Recent Transaction And Guidance Raise Questions [View article]
    ok great you see this clearly, so you've been watching Tripp for years now too?
    Mar 5 11:12 AM | 2 Likes Like |Link to Comment
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