mrktwiz
Member
Not suprised at all, this is how they keep control in the hands of the rich.. Imagine how much those 10 spots will go for. The rich will get richer and so on....
We should all bid with fake accounts to constantly mess up the auctions, this is how the people can speak..
I will bid on these if it happens...
Finaly someone grew a brain here this is what is truly going on. I was in several San Jose hearings over the last few months and you could see this coming a mile away. IN their minds they just don't want dispensaries outnumbering Starbucks (aka Los Angeles).....and have more control over the OWNERS of the dispensaries, and Aerohead is correct TOP bidders will win. I know of one private equity firm in Palo Alto quietly putting together a consortium of local investors to bid for several of those "licenses" and you know what? They have the deep pockets, (and I mean DEEEEEEP) to do it also.
This is a model that not only some southern California municipalities are looking at to model but also San Jose has been sharing this idea with a few other states to model as well.
Enjoy!
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