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MariMed Inc (QX)

MariMed Inc (QX) (MRMD)

0.26406
-0.00844
(-3.10%)
Closed March 29 04:00PM

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Key stats and details

Current Price
0.26406
Bid
0.26
Ask
0.28
Volume
369,441
0.26 Day's Range 0.2899
0.2031 52 Week Range 0.545
Market Cap
Previous Close
0.2725
Open
0.28
Last Trade
4382
@
0.26406
Last Trade Time
Financial Volume
$ 99,063
VWAP
0.268142
Average Volume (3m)
526,985
Shares Outstanding
375,129,966
Dividend Yield
-
PE Ratio
7.24
Earnings Per Share (EPS)
0.04
Revenue
134.01M
Net Profit
13.47M

About MariMed Inc (QX)

Sector
Medicinal Chems,botanicl Pds
Industry
Cmp Processing,data Prep Svc
Headquarters
Wilmington, Delaware, USA
Founded
2022
MariMed Inc (QX) is listed in the Medicinal Chems,botanicl Pds sector of the OTCMarkets with ticker MRMD. The last closing price for MariMed (QX) was $0.27. Over the last year, MariMed (QX) shares have traded in a share price range of $ 0.2031 to $ 0.545.

MariMed (QX) currently has 375,129,966 shares outstanding. The market capitalization of MariMed (QX) is $97.53 million. MariMed (QX) has a price to earnings ratio (PE ratio) of 7.24.

MRMD Latest News

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

00015227672023FYfalseP39YP7YP7YP5YP20D2.5http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssessedTaxhttp://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerExcludingAssesse...

Form 8-K - Current report

0001522767FALSE00015227672024-03-062024-03-06UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 8-KCURRENT REPORTPursuant to Section 13 OR 15(d) ofThe Securities Exchange...

Form 8-K - Current report

0001522767FALSE00015227672023-11-162023-11-16UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 8-KCURRENT REPORTPursuant to Section 13 OR 15(d) ofThe Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

0001522767Q32023false12-31P20D2.5P3Y00015227672023-01-012023-09-3000015227672023-11-06xbrli:shares00015227672023-09-30iso4217:USD00015227672022-12-310001522767mrmd:SeriesBConvertiblePreferredStockM...

Form 8-K - Current report

0001522767FALSE00015227672023-11-082023-11-08UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 8-KCURRENT REPORTPursuant to Section 13 OR 15(d) ofThe Securities Exchange...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.007062.747081712060.2570.2930.255628420.26970296CS
4-0.01314-4.740259740260.27720.2930.20316187870.24962009CS
12-0.01594-5.692857142860.280.38690.20315269850.29009018CS
26-0.17494-39.84965831440.4390.4590.20314511110.30716504CS
52-0.13094-33.14936708860.3950.5450.20313975830.34874517CS
156-0.49594-65.25526315790.761.20.20314866750.63639066CS
260-3.13594-92.23352941183.44.190.17720490.55786504CS

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MRMD Discussion

View Posts
Giovanni Giovanni 2 weeks ago
Is it unexpected that a patient needing a lung transplant dies waiting?

How long can you wait for a lung transplant?
The average person waits around two years for a single lung transplant, and as long as three years for two lungs. People who are unable to wait that long may be considered for lung transplant from a living donor.

What organ transplant has the lowest success rate?
Lung transplant patients have the lowest 5- and 10-year survival rates, according to UNOS. “The lungs are a very difficult organ to transplant because they're exposed to the environment constantly as we breathe,” explained Dr. Steves Ring, Professor of Cardiovascular and Thoracic Surgery. Dr.Apr 26, 2017



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Pediatr Transplant
. 2015 May;19(3):294-300. doi: 10.1111/petr.12390. Epub 2014 Nov 19.
Lung transplant waitlist mortality: height as a predictor of poor outcomes
Britton C Keeshan 1, Joseph W Rossano, Nicole Beck, Rachel Hammond, James Kreindler, Thomas L Spray, Stephanie Fuller, Samuel Goldfarb
Affiliations expand
PMID: 25406495 DOI: 10.1111/petr.12390
Abstract
The LAS was designed to minimize pretransplant mortality while maximizing post-transplant outcome. Recipients <12 are not allocated lungs based on LAS. Waitlist mortality has decreased for those >12, but not <12, suggesting this population may be disadvantaged. To identify predictors of waitlist mortality, a retrospective analysis of the UNOS database was performed since implementation of the LAS. There were 16,973 patients listed for lung transplant in the United States; 12,070 (71.1%) were transplanted, and 2498 (14.7%) patients died or were removed from the wait list. Significantly more pediatric patients died or were removed compared with adults (22.0% vs. 14.4%, p < 0.01). In multivariate analysis, in addition to higher LAS at time of listing (adj. HR1.058, 1.055-1.060), shorter height (1.008, 1.006-1.010), male gender (1.210, 1.110-1.319), and requiring ECMO (1.613, 1.202-2.163) were associated with pretransplant mortality. Post-transplant survival was not affected by height. The current age cutoff may impose limitations within the current lung allocation system in the United States. Height is an independent predictor of waitlist mortality and may be a valuable factor for the development of a comprehensive lung allocation system.

Keywords: lung transplant; mortality; organ allocation; outcomes; pediatrics; waitlist.

© 2014 John Wiley & Sons A/S. Published by John Wiley & Sons Ltd.

PubMed Disclaimer

Comment in
Pursuing distributive justice in pediatric lung transplantation.
Mallory GB.
Pediatr Transplant. 2015 May;19(3):249-51. doi: 10.1111/petr.12434.
PMID: 25808911 No abstract available.
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Improved waitlist and transplant outcomes for pediatric lung transplantation after implementation of the lung allocation score.
Lancaster TS, Miller JR, Epstein DJ, DuPont NC, Sweet SC, Eghtesady P.
J Heart Lung Transplant. 2017 May;36(5):520-528. doi: 10.1016/j.healun.2016.10.007. Epub 2016 Oct 17.
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Effect of the lung allocation score on lung transplantation in the United States.
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Fleitas Sosa DC, Gayen S, Zheng M, Gangemi AJ, Zhao H, Kim V, Sehgal S, Criner GJ, Gupta R, Mamary AJ.
ERJ Open Res. 2023 Jul 17;9(4):00738-2022. doi: 10.1183/23120541.00738-2022. eCollection 2023 Jul.
PMID: 37465560 Free PMC article.
Poor functional status at the time of waitlist for pediatric lung transplant is associated with worse pretransplant outcomes.
Himebauch AS, Yehya N, Schaubel DE, Josephson MB, Berg RA, Kawut SM, Christie JD.
J Heart Lung Transplant. 2023 Dec;42(12):1735-1742. doi: 10.1016/j.healun.2023.07.003. Epub 2023 Jul 10.
PMID: 37437825
Utilizing computed tomography volumetry for size matching prior to lung transplantation: a case series.
Shepherd HM, Farahnak K, Harrison MS, Frye CC, Marklin GF, Bierhals AJ, Hachem RR, Witt CA, Guillamet RV, Byers DE, Kozower BD, Meyers BF, Nava RG, Patterson GA, Kreisel D, Puri V.
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Use of Berlin EXCOR cannulas in both venovenous and venoarterial central extracorporeal membrane oxygenation configurations overcomes the problem of cannula instability while bridging infants and young children to lung transplant.
Stephens NA, Chartan CA, Gazzaneo MC, Thomas JA, Das S, Mallory GB Jr, Melicoff E, Vogel AM, Parker A, Hermes E, Heinle JS, McKenzie ED, Coleman RD.
JTCVS Tech. 2023 Feb 10;18:111-120. doi: 10.1016/j.xjtc.2023.02.004. eCollection 2023 Apr.
PMID: 37096088 Free PMC article.
Outcomes of Patients on the Lung Transplantation Waitlist in Korea: A Korean Network for Organ Sharing Data Analysis.
Yeo HJ, Oh DK, Yu WS, Choi SM, Jeon K, Ha M, Lee JG, Cho WH, Kim YT.
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Publication types
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MeSH terms
Adolescent
Body Height*
Body Weight
Child
Child, Preschool
Databases, Factual
Female
Humans
Infant
Infant, Newborn
Kaplan-Meier Estimate
Lung Diseases / mortality*
Lung Diseases / surgery*
Lung Transplantation*
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Tissue and Organ Procurement
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United States
Waiting Lists*
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👍️0
Giovanni Giovanni 2 weeks ago
blowing smoke up your own patootie

no conspiracy here

just facts

enjoy

you got one mouth to talk

you have 2 ears to listen

Bob Fireman needed a lung transplant.
work on your listening skills
👍️0
SmokeABull SmokeABull 2 weeks ago
Giovanni, master of conspiracies.
👍️0
Giovanni Giovanni 3 weeks ago
Yo smoke

current management lied about Robert Fireman's death IMHO

Why believe them now?
👍️0
Giovanni Giovanni 3 weeks ago
👍️0
olivernoyes olivernoyes 3 weeks ago
The only thing that saved us today was that MSOS ETF added another 100,000 shares, thereby propping up the price.
👍️ 1
MR Bucks MR Bucks 3 weeks ago
Tough to hold. Financials’s suck but will they eventually turn it around?

I’ll stick around a bit to see 🤷‍♂️
👍️0
SmokeABull SmokeABull 3 weeks ago
Giovanni, Go take a long walk off a short pier
👍️0
Giovanni Giovanni 3 weeks ago
Crummy casinos could be a reason!

Why is MGM losing money?

MGM Resort's devastating computer hacking that shut down many casino and hotel services cost it $100 million in lost profits. MGM says a hacking will cost it $100 million. MGM Resorts International said the recent computer hack that shut down many services at its casino hotels will reduce profit by $100 million.Oct 5, 2023
👍️0
SmokeABull SmokeABull 3 weeks ago
It’s day traders and small hedge funds who are shorting cannabis. They seem to really like Marimed for some reason.

Board members collectively own around 16% of the shares, which isn’t much and not enough to keep the price suppressed for this long. Because there isn’t much regulation to the OTC market, day traders and hedge funds can manipulate stock prices when there’s fear in the market. However, once 280E is lifted and cannabis gets rescheduled the fear will go away and so will the shorts
👍️0
bball71 bball71 3 weeks ago
Please tell me what institution is shorting a .23 cents stock
👍️0
SmokeABull SmokeABull 3 weeks ago
It’s the institutions that are short, not the board of directors.

Would MGM be partnering with a failing cannabis company?

“Finally, I'm thrilled to announce our mega-exclusive sponsorship with Concert Giant Livenation. Starting this month, Nature's Heritage will be the exclusive cannabis brand for the MGM Grand Music Club located next to Fenway Park in Boston. MGM Grand is Live Nation's top music club in the world. We have a comprehensive marketing plan that will include on-site brand visibility, ads on Livenation's ticketing site, and tickets for promotional purposes. It's a landmark sponsorship for Livenation, MariMed, and the cannabis industry as a whole. I could not be more excited about the opportunity to partner with our leading flower brand with such a culture forward platform.”
👍️0
Giovanni Giovanni 3 weeks ago
Add the h....... ttps://
👍️0
$5.95akadawson-m $5.95akadawson-m 3 weeks ago
Where it stops, no one knows! Care to guess… or wait until they’re bought out?
👍️0
bball71 bball71 3 weeks ago
Ceo is pleased to announce another year of strong operational and finance performance. With double digit revenue growth. Bunch of dirt bag liars bleeding the business with constant share selling.
👍️0
drew5 drew5 1 month ago
Looks like a good entry I haven't traded this in a few years. The tide may be turning IMO.
👍️0
$5.95akadawson-m $5.95akadawson-m 1 month ago
Beautiful!
👍️0
olivernoyes olivernoyes 1 month ago
2/1/24 - Advisor Shares MSOS ETF held 4,023,000 shares
2/21/24 - Advisor Shares MSOS ETF holds 4,423,000 shares

Looks like Dan Ahrens, MSOS Fund Manager has purchased another 400,000 shares of MRMD since the beginning of the month.

I haven't tracked any of the other ETFs.
👍️0
Giovanni Giovanni 1 month ago
cannot afford fat tires at MRMD stock price

Sad Story
👍️0
$5.95akadawson-m $5.95akadawson-m 1 month ago
You mean a fat tire.
👍️0
Giovanni Giovanni 1 month ago
I need more than one as I ran over 60,000 miles.

But thank you.
👍️0
$5.95akadawson-m $5.95akadawson-m 1 month ago
And I wish you a fat calorie.
👍️0
Giovanni Giovanni 1 month ago
Another expert speaks up

How much are you down on MRMD?

Let me guess you are making money here!
👍️0
$5.95akadawson-m $5.95akadawson-m 1 month ago
Down has nothing to do with the finance model. People expect it on this kind of investment.

What is entertaining from time to time is to read your opinion of what is important in this investment.

But this kind of importance is like an empty calorie. I’m very happy though that there’s an ignore button because that equates to a fat calorie.

👍️0
Giovanni Giovanni 1 month ago
Ir always amazes me that no bull is ever down

No matter how much they piss and moan
and in frustration call others name
they are never never underwater.

congratulations-vbg-
👍️0
SmokeABull SmokeABull 1 month ago
I’m not down but thanks for asking.
👍️0
Giovanni Giovanni 1 month ago
cat got your tongue?
👍️0
Giovanni Giovanni 1 month ago
so how far down are you ?
👍️0
SmokeABull SmokeABull 1 month ago
Yep, still the major players shorting the stock. More gains for me once 280E goes away ;)
👍️ 1
Giovanni Giovanni 1 month ago
Yo Bull

You notice the price adjustments?

Just asking!

You must be an old hand at this.
👍️0
Giovanni Giovanni 2 months ago
yo bull

I was born yesterday.

Enjoy the day.

===================
Yup, price adjustments happen in a newly forming market. Are you new??

Just go back to hiding in your mother’s basement
👍️0
Giovanni Giovanni 2 months ago
I wish you good luck.

Seems to me you need a bigger fool:0)))
👍️0
$5.95akadawson-m $5.95akadawson-m 2 months ago
Gio must be delighted that we are going up. Geo-locate....
👍️ 1
SmokeABull SmokeABull 2 months ago
Yup, price adjustments happen in a newly forming market. Are you new??

Just go back to hiding in your mother’s basement
👍️0
Giovanni Giovanni 2 months ago
How much does pot cost in Massachusetts 2023?
More Price Dips

Massachusetts' average adult-use flower price dipped 56% ($394 to $173 per ounce) from 2020 to 2023, while Maine's average price dropped 51% ($449 to $222 per ounce), Oregon's price sank 28% ($152 to $110), and Colorado's price also came down 28% ($136 to $98).Dec
30, 2023
------------------------------------------
750 Pounds Of Marijuana Worth $1.5M Found In Randolph ...
=======================================
dailyvoice.com
https://dailyvoice.com › ... › Police & Fire
Jan 17, 2024 — Two Braintree men were busted with more than 750 pounds of marijuana following a months-long investigation in Randolph, ...
========================================================
It is much superior to dispensaries. And everywhere.
There are more large illegal pot sellers with much better bud.

carry on
👍️0
Giovanni Giovanni 2 months ago
Yo Bull

Do you need english lessons? Read this again!

Hard to compete with The Cartels!

A massacre that killed 6 reveals the dangerous world of illegal pot in SoCal deserts
A San Bernardino County sheriff's deputy, left, detains a cannabis worker in the Lucerne Valley, CA.
A Sept. 2022 shows a San Bernardino County sheriff’s deputy detaining a cannabis worker on an illicit cannabis farm in the Lucerne Valley. (Brian van der Brug/Los Angeles Times)
BY SUMMER LIN, SALVADOR HERNANDEZ, KAREN GARCIA
JAN. 30, 2024 10:30 PM PT
In a desolate stretch of California desert off U.S. Highway 395, Franklin Noel Bonilla made one last desperate plea to save his life.

“I’ve been shot,” he told 911 dispatchers in Spanish, according to authorities. “I don’t know where I am.”

Officials tracked the coordinates of the phone call to a dirt road in the remote desert community of El Mirage, about 50 miles northeast of Los Angeles.

There they made a horrific discovery: six men with gunshot wounds, four of them with severe burns, and two abandoned vehicles, one of which was pocked with bullet holes.

Authorities think the massacre was the result of a dispute over illegal marijuana, and it marks the latest act of shocking violence in isolated areas of California where a black market for pot has flourished.

The death toll, which has included shootings and dismemberments, has alarmed law enforcement officials and comes as illegal grow operations have spread in inland desert communities across Southern California.

Cannabis plants on an illegal grow blow in the wind
CALIFORNIA

Legal Weed, Broken Promises: A Times series on the fallout of legal pot in California
May 5, 2023

Hundreds of pot farms have cropped up across the desert region, bringing crime and fear with them, according to residents and law enforcement officials.

A San Bernardino County Sheriff's deputy at an illegal marijuana grow in the unincorporated area of Phelan.
A June 2022 photo shows a San Bernardino County Sheriff’s deputy counting out one-pound bags of processed cannabis on an illegal marijuana grow in the unincorporated area of Phelan. (Brian van der Brug/Los Angeles Times)

In the last year alone, the San Bernardino County Sheriff’s Department said its marijuana enforcement teams served 411 search warrants for illegal marijuana grows. They found 14 “honey oil” labs, 655,000 plants and 74,000 pounds of processed marijuana. Eleven search warrants were executed in the immediate area where the slayings took place.

“The plague is the black market of marijuana and certainly cartel activity, and a number of victims are out there,” Sheriff Shannon Dicus said.

A Times investigation last year uncovered the proliferation of illegal cannabis in California after the passage of Proposition 64, which legalized the recreational use of marijuana in the state. Although the 2016 legislation promised voters that the legal market would hobble illegal trade and its associated violence, there has been a surge in the black market.

Growers at illegal sites can avoid the expensive licensing fees and regulatory costs associated with legal farms. Violence is a looming threat at these operations, authorities said, because illicit harvests yield huge quantities of cash to operators who can’t use banks or law enforcement for protection.

An illustration depicts a scene inside a growth operation where a mysterious envelope is exchanged by two people.
CALIFORNIA

‘$250,000 cash in a brown paper bag.’ How legal weed unleashed corruption in California
Sept. 15, 2022

In 2020, six people were found shot to death at a property in Aguanga, a small community in rural Riverside County east of Temecula. A seventh victim later died at a nearby hospital.

The victims were immigrants from Laos and were found at a large-scale illegal marijuana cultivation and processing site — a “major organized-crime type of an operation,” Riverside County Sheriff Chad Bianco said at the time.

It is hard to determine the number of homicides tied to illegal pot farms. But a Times review in 2021 found at least five Mojave Desert killings in 2020 and 2021 that investigators said were connected to pot farming.

Black markets can thrive despite the legalization of the product, according to Peter Hanink, a professor of sociology and criminology at Cal Poly Pomona.

“It doesn’t matter what the product is,” he said. “If there’s sufficient demand and the thing is valuable enough, you’ll get a black market.”

Adelanto, CA - January 24: San Bernardino sheriff's department officials investigate scene where five were found dead in a remote area of SanBernardino county north of Adelato January 24, 2024. (Brian van der Brug / Los Angeles Times)
CALIFORNIA

Marijuana dispute led to desert massacre in San Bernardino that killed 6
Jan. 30, 2024

Cartels in Mexico have traditionally carved up and delegated certain areas to different groups so they don’t have to kill each other to make money, Hanink said. At the beginning of a black market, when there’s more instability, there could be violence that results from regional groups competing over the same area. Hanink said the El Mirage slayings could’ve been between competing groups, based on the grisly nature of the crime.

“The sheer violence and the extent of the violence — burning the bodies and how extreme it was, it’s the sort of thing that suggests someone is trying to send a message,” he said.

Hanink stressed, however, that he doesn’t believe Mexican cartels were involved in the San Bernardino County killings, because the FBI, Homeland Security and the Drug Enforcement Administration haven’t gotten involved. The fact that the investigation involves only the Sheriff’s Department and the California Highway Patrol indicates it’s a local California matter, he said.

“Mexican cartels tend to stay local to Mexico, and they very rarely try to do things within the U.S. because they don’t want to involve U.S. law enforcement,” he said. “If you have executions being ordered by parties in other countries, that becomes a case of U.S. security interest.”

Bill Bodner, former special agent in charge of the DEA’s Los Angeles Field Division, agreed that while Mexican cartels have previously been involved in the illegal marijuana business, most have shifted to synthetic drugs, such as methamphetamine and fentanyl.

Illegal marijuana trade has also become unprofitable for the cartels, he said, because of the risk of getting shipments seized at the U.S.-Mexico border.

Bodner said disputes at illegal grows usually involve the theft of product or cash and, in some cases, workers seeking to get paid.

“Don’t forget, it’s a criminal business run by criminals, so they’re going to pay as little as they can,” Bodner said.

The marijuana black market has thrived in California in recent years, as growers try to circumvent taxes, feeding an unlicensed, unregulated industry and, at times, making its way into legitimate dispensaries as well,Bodner said.

In 2019, an audit by the United Cannabis Business Assn. found nearly 3,000 unlicensed dispensaries and delivery services were operating in the state — at least three times more than legal, regulated businesses.

Four years later, Bodner believes the black market has only gotten larger in California.

“The number of unlicensed grows, conservatively, has doubled,” he said.

LUCERNE VALLEY, CA - September 30, 2022: Two cannabis workers comfort each other after San Bernardino sheriff's deputies served a search warrant on an illicit farm and destroyed plants Friday, Sept. 30, 2022 in Lucerne Valley, CA. (Brian van der Brug / Los Angeles Times)
CALIFORNIA

FOR SUBSCRIBERS
Dying for your high: The untold exploitation and misery in America’s weed industry
Dec. 22, 2022

At first, deputies saw cardboard, rubber tires, broken bottles and bullet casings littering the ground when they drove out to the remote El Mirage location on Jan. 23. There were two abandoned vehicles nearby, one of them riddled with bullet holes. Then they found the bodies.

Four of the six victims have been identified: Franklin Noel Bonilla, 22; Baldemar Mondragon-Albarran, 34; and Kevin Dariel Bonilla, 25. The fourth is a 45-year-old man, whose identity is being withheld pending notification of next of kin. They were all Latino, possibly Honduran nationals, and lived in Adelanto and Hesperia, authorities said.

The San Bernardino County Sheriff's Dept. arrested five men in a multiple slaying in San Bernardino County.
The San Bernardino County Sheriff’s Dept. arrested five men in a gruesome multiple slaying in a remote part of the Mojave Desert in San Bernardino County. (San Bernardino County Sheriff’s Dept.)
After the brutal slayings, the San Bernardino County Sheriff’s Department served search warrants in Apple Valley, Adelanto and the Los Angeles County area of Piñon Hills. They arrested five men in connection with the killings — Toniel Baez-Duarte, 34; Mateo Baez-Duarte, 24; Jose Nicolas Hernandez-Sarabia, 33; Jose Gregorio Hernandez-Sarabia, 34, and Jose Manuel Burgos Parra, 26.

Authorities say they believe everyone involved in the killings has been arrested and there are no outstanding suspects.

When serving warrants, detectives recovered eight firearms. They will undergo forensic examinations to determine whether any were used in the slayings, said Michael Warrick, a sergeant in the specialized investigation division of the Sheriff’s Department.

Warrick wouldn’t comment on whether the slayings were cartel-related but said there were “certain things at the scene that show a level of violence that obviously raises some interesting questions for us.”

CALIFORNIACANNABIS

Summer Lin

Summer Lin is a reporter on the Fast Break Desk, the Los Angeles Times’ breaking news team. Before coming to The Times, she covered breaking news for the Mercury News and national politics and California courts for McClatchy’s publications, including the Sacramento Bee. An East Coast native, Lin moved to California after graduating from Boston College and Columbia University’s Graduate School of Journalism. In her free time, she enjoys hikes, skiing and a good Brooklyn bagel.

Salvador Hernandez

Salvador Hernandez is a reporter on the Fast Break Desk, the Los Angeles Times’ breaking news team. Before joining the newsroom in 2022, he was a senior reporter for BuzzFeed News, where he covered criminal justice issues, the growing militia movement and breaking news. He also covered crime as a reporter at the Orange County Register. He is a Los Angeles native.

Karen Garcia is a reporter on the Fast Break Desk, the team that has a pulse on breaking news at the Los Angeles Times. She was previously a reporter on the Utility Journalism Team, which focused on service journalism. Her previous stints include reporting for the San Luis Obispo New Times and KCBX Central Coast Public Radio.

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olivernoyes olivernoyes 2 months ago
He's on ignore now. Waste of space.
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SmokeABull SmokeABull 2 months ago
I think he can read but he definitely can’t comprehend.

He only has 2 brain cells and they’re both fighting for 3rd place…
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Giovanni Giovanni 2 months ago
Obviously I am!

Can you?

This POS @ 33 pennies@Youaredownabundle.com!
============================

English is not my first language and obviously not yours!

to reading? lol

"Are you capable to reading and understanding a financial statement?"
jerkoff asked
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olivernoyes olivernoyes 2 months ago
Are you capable to reading and understanding a financial statement?
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Giovanni Giovanni 2 months ago
Hard to compete with The Cartels!

A massacre that killed 6 reveals the dangerous world of illegal pot in SoCal deserts
A San Bernardino County sheriff's deputy, left, detains a cannabis worker in the Lucerne Valley, CA.
A Sept. 2022 shows a San Bernardino County sheriff’s deputy detaining a cannabis worker on an illicit cannabis farm in the Lucerne Valley. (Brian van der Brug/Los Angeles Times)
BY SUMMER LIN, SALVADOR HERNANDEZ, KAREN GARCIA
JAN. 30, 2024 10:30 PM PT
In a desolate stretch of California desert off U.S. Highway 395, Franklin Noel Bonilla made one last desperate plea to save his life.

“I’ve been shot,” he told 911 dispatchers in Spanish, according to authorities. “I don’t know where I am.”

Officials tracked the coordinates of the phone call to a dirt road in the remote desert community of El Mirage, about 50 miles northeast of Los Angeles.


There they made a horrific discovery: six men with gunshot wounds, four of them with severe burns, and two abandoned vehicles, one of which was pocked with bullet holes.

Authorities think the massacre was the result of a dispute over illegal marijuana, and it marks the latest act of shocking violence in isolated areas of California where a black market for pot has flourished.

The death toll, which has included shootings and dismemberments, has alarmed law enforcement officials and comes as illegal grow operations have spread in inland desert communities across Southern California.

Cannabis plants on an illegal grow blow in the wind
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Hundreds of pot farms have cropped up across the desert region, bringing crime and fear with them, according to residents and law enforcement officials.

A San Bernardino County Sheriff's deputy at an illegal marijuana grow in the unincorporated area of Phelan.
A June 2022 photo shows a San Bernardino County Sheriff’s deputy counting out one-pound bags of processed cannabis on an illegal marijuana grow in the unincorporated area of Phelan. (Brian van der Brug/Los Angeles Times)

In the last year alone, the San Bernardino County Sheriff’s Department said its marijuana enforcement teams served 411 search warrants for illegal marijuana grows. They found 14 “honey oil” labs, 655,000 plants and 74,000 pounds of processed marijuana. Eleven search warrants were executed in the immediate area where the slayings took place.

“The plague is the black market of marijuana and certainly cartel activity, and a number of victims are out there,” Sheriff Shannon Dicus said.

A Times investigation last year uncovered the proliferation of illegal cannabis in California after the passage of Proposition 64, which legalized the recreational use of marijuana in the state. Although the 2016 legislation promised voters that the legal market would hobble illegal trade and its associated violence, there has been a surge in the black market.

Growers at illegal sites can avoid the expensive licensing fees and regulatory costs associated with legal farms. Violence is a looming threat at these operations, authorities said, because illicit harvests yield huge quantities of cash to operators who can’t use banks or law enforcement for protection.

An illustration depicts a scene inside a growth operation where a mysterious envelope is exchanged by two people.
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In 2020, six people were found shot to death at a property in Aguanga, a small community in rural Riverside County east of Temecula. A seventh victim later died at a nearby hospital.

The victims were immigrants from Laos and were found at a large-scale illegal marijuana cultivation and processing site — a “major organized-crime type of an operation,” Riverside County Sheriff Chad Bianco said at the time.

It is hard to determine the number of homicides tied to illegal pot farms. But a Times review in 2021 found at least five Mojave Desert killings in 2020 and 2021 that investigators said were connected to pot farming.

Black markets can thrive despite the legalization of the product, according to Peter Hanink, a professor of sociology and criminology at Cal Poly Pomona.

“It doesn’t matter what the product is,” he said. “If there’s sufficient demand and the thing is valuable enough, you’ll get a black market.”

Adelanto, CA - January 24: San Bernardino sheriff's department officials investigate scene where five were found dead in a remote area of SanBernardino county north of Adelato January 24, 2024. (Brian van der Brug / Los Angeles Times)
CALIFORNIA

Marijuana dispute led to desert massacre in San Bernardino that killed 6
Jan. 30, 2024

Cartels in Mexico have traditionally carved up and delegated certain areas to different groups so they don’t have to kill each other to make money, Hanink said. At the beginning of a black market, when there’s more instability, there could be violence that results from regional groups competing over the same area. Hanink said the El Mirage slayings could’ve been between competing groups, based on the grisly nature of the crime.

“The sheer violence and the extent of the violence — burning the bodies and how extreme it was, it’s the sort of thing that suggests someone is trying to send a message,” he said.

Hanink stressed, however, that he doesn’t believe Mexican cartels were involved in the San Bernardino County killings, because the FBI, Homeland Security and the Drug Enforcement Administration haven’t gotten involved. The fact that the investigation involves only the Sheriff’s Department and the California Highway Patrol indicates it’s a local California matter, he said.

“Mexican cartels tend to stay local to Mexico, and they very rarely try to do things within the U.S. because they don’t want to involve U.S. law enforcement,” he said. “If you have executions being ordered by parties in other countries, that becomes a case of U.S. security interest.”

Bill Bodner, former special agent in charge of the DEA’s Los Angeles Field Division, agreed that while Mexican cartels have previously been involved in the illegal marijuana business, most have shifted to synthetic drugs, such as methamphetamine and fentanyl.

Illegal marijuana trade has also become unprofitable for the cartels, he said, because of the risk of getting shipments seized at the U.S.-Mexico border.

Bodner said disputes at illegal grows usually involve the theft of product or cash and, in some cases, workers seeking to get paid.

“Don’t forget, it’s a criminal business run by criminals, so they’re going to pay as little as they can,” Bodner said.

The marijuana black market has thrived in California in recent years, as growers try to circumvent taxes, feeding an unlicensed, unregulated industry and, at times, making its way into legitimate dispensaries as well,Bodner said.

In 2019, an audit by the United Cannabis Business Assn. found nearly 3,000 unlicensed dispensaries and delivery services were operating in the state — at least three times more than legal, regulated businesses.

Four years later, Bodner believes the black market has only gotten larger in California.

“The number of unlicensed grows, conservatively, has doubled,” he said.

LUCERNE VALLEY, CA - September 30, 2022: Two cannabis workers comfort each other after San Bernardino sheriff's deputies served a search warrant on an illicit farm and destroyed plants Friday, Sept. 30, 2022 in Lucerne Valley, CA. (Brian van der Brug / Los Angeles Times)
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At first, deputies saw cardboard, rubber tires, broken bottles and bullet casings littering the ground when they drove out to the remote El Mirage location on Jan. 23. There were two abandoned vehicles nearby, one of them riddled with bullet holes. Then they found the bodies.

Four of the six victims have been identified: Franklin Noel Bonilla, 22; Baldemar Mondragon-Albarran, 34; and Kevin Dariel Bonilla, 25. The fourth is a 45-year-old man, whose identity is being withheld pending notification of next of kin. They were all Latino, possibly Honduran nationals, and lived in Adelanto and Hesperia, authorities said.

The San Bernardino County Sheriff's Dept. arrested five men in a multiple slaying in San Bernardino County.
The San Bernardino County Sheriff’s Dept. arrested five men in a gruesome multiple slaying in a remote part of the Mojave Desert in San Bernardino County. (San Bernardino County Sheriff’s Dept.)
After the brutal slayings, the San Bernardino County Sheriff’s Department served search warrants in Apple Valley, Adelanto and the Los Angeles County area of Piñon Hills. They arrested five men in connection with the killings — Toniel Baez-Duarte, 34; Mateo Baez-Duarte, 24; Jose Nicolas Hernandez-Sarabia, 33; Jose Gregorio Hernandez-Sarabia, 34, and Jose Manuel Burgos Parra, 26.

Authorities say they believe everyone involved in the killings has been arrested and there are no outstanding suspects.

When serving warrants, detectives recovered eight firearms. They will undergo forensic examinations to determine whether any were used in the slayings, said Michael Warrick, a sergeant in the specialized investigation division of the Sheriff’s Department.

Warrick wouldn’t comment on whether the slayings were cartel-related but said there were “certain things at the scene that show a level of violence that obviously raises some interesting questions for us.”

CALIFORNIACANNABIS


Summer Lin

Summer Lin is a reporter on the Fast Break Desk, the Los Angeles Times’ breaking news team. Before coming to The Times, she covered breaking news for the Mercury News and national politics and California courts for McClatchy’s publications, including the Sacramento Bee. An East Coast native, Lin moved to California after graduating from Boston College and Columbia University’s Graduate School of Journalism. In her free time, she enjoys hikes, skiing and a good Brooklyn bagel.


Salvador Hernandez

Salvador Hernandez is a reporter on the Fast Break Desk, the Los Angeles Times’ breaking news team. Before joining the newsroom in 2022, he was a senior reporter for BuzzFeed News, where he covered criminal justice issues, the growing militia movement and breaking news. He also covered crime as a reporter at the Orange County Register. He is a Los Angeles native.


Karen Garcia is a reporter on the Fast Break Desk, the team that has a pulse on breaking news at the Los Angeles Times. She was previously a reporter on the Utility Journalism Team, which focused on service journalism. Her previous stints include reporting for the San Luis Obispo New Times and KCBX Central Coast Public Radio.




‘Narcas’ author Deborah Bonello on the dangerous fascination of Latin American drug cartels
Nov. 14, 2023

Licensed cannabis farmer Mary Gaterud nurtures such strains as pina colada cake and watermelon starburst.
CALIFORNIA



In Riverside, she was a nobody. In Ireland, her affair with a bishop rocked the Catholic Church


The year that killed L.A. restaurants: Here are more than 65 notable closures from 2023

CLIMATE & ENVIRONMENT

A fire burning deep inside an L.A. County landfill is raising new alarms over toxic air
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Giovanni Giovanni 2 months ago
How Much did MRMD pay Wallstreetwaves for that article?
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olivernoyes olivernoyes 2 months ago
https://wallstreetwaves.com/a-top-weed-stock-under-the-radar-strong-growth-cash-flow-savings-and-low-value-market-position/
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Giovanni Giovanni 2 months ago
You do not get it!

All dispensaries are having yuge problems.

Enjoy the day.

If you want quality grow your own.
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SmokeABull SmokeABull 2 months ago
Comparing Med Men to Marimed?! Thanks for the laugh
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Giovanni Giovanni 2 months ago
$3bazillion to zero
Med Men

California pot company executives out as stock plummets to zero - KTLA

ktla.com
https://ktla.com › news › local-news › medmen-execs-lea...
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Giovanni Giovanni 3 months ago
The weed business is bankrupting most dispensaries.
Went to 3 this morning compared to how they used to operate
they are dead with a very limited selection.

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Giovanni Giovanni 3 months ago
Big F'ing deal.

You must live in a one horse town! As all large cities learn to live with locked items!

As drug stores and supermarkets put their inventory in locked cases:

Why drug stores lock up their products behind plastic cases ...
The reason why stores resort to locking up these products is simple: to prevent shoplifting. But these decisions are far more nuanced and fraught for stores than you may think. Companies must walk a delicate line between protecting their inventory and creating stores that customers don't dread visiting.Jul 30, 2022
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happyglass happyglass 3 months ago
I can walk in to a dispensary now and grab a bottle of thc beverage out of the cooler. Beverages are the way of the future. It solves many problems. Nobody has to smell what I am drinking unlike joints, prerolls and vapes. Cali sober is coming to Canada. I was in the dispensary just before Christmas and heard a dude telling staff that he got so drunk last year he went nutz and wrecked stuff. He was not going to have that happen this year so he was buying a bunch of weed drinks and party that way instead this year.
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Giovanni Giovanni 3 months ago
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