CI: How does marijuana legislation impact your business?
Pete: If any change in the marijuana legislation creates a conflict to investors and 500 N 3rd St., we're still able to lease the space outside of our target market or sell to help ensure profitability and investor returns.
CI: What would be a major catalyst for 500 North 3RD St., LLC?
Pete: Partnership with a like-minded company and funding.
CI: What are your plans for funds invested with you from investors?
Pete: The primary objective of needing capital investment is to rehabilitate the building so it is better prepared for a medical marijuana grower / processor which in turn will help attract partnerships with other medical marijuana companies.
CI: Are the risks for investors minimized due to the fact 500 North 3RD St., LLC is only leasing the property and not growing?
Pete: Yes, if federal or state regulations cause concern for a company operating on our premise we shouldn’t have problems with 500 N 3rd St., although returns in a non-marijuana market may be far less.
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