What is pre-ICO prop D?

Prop D, approved by voters in 2013, was designed to reduce the number of dispensaries within city limits to 135, the number operating prior to Sept. 14, 2007, when Los Angeles passed its interim control ordinance (ICO). By the time the law was enacted, “there were more green crosses than Starbucks,” Frye says.

What is pre-ICO license?

Pre-ICO refers to medical marijuana dispensaries that were open before September 14, 2007, when the Medical Marijuana Interim Control Ordinance (ICO) went into effect.

Whats the meaning of ICO?

Initial Coin Offering
ICO is an acronym that means Initial Coin Offering, which is how funds are raised for a new cryptocurrency offering. It’s similar to an IPO (Initial Public Offering) which raises funds when a new company ventures onto the stock market. Related words: IPO. blockchain.

How do I participate in ICO?

How to participate in an ICO – Token Sale

  1. Register with an Cryptocurrency Exchange. To participate in an ICO you need cryptocurrencies, usually Ether or Bitcoin.
  2. Exchange Fiat for Bitcoin or Ether.
  3. Transfer your Coins from the Exchange to a Blockchain Wallet you Control.
  4. Set up your Wallet.
  5. Buy ICO Tokens.
  6. Secure your Tokens.

Why is ICO banned in China?

Why did China ban ICOs? In September last year, the central bank, the People’s Bank of China, said in a report that 90 per cent of the ICOs launched in the country were fraudulent. It pronounced ICOs illegal and ordered operators to return money to investors.

Can US citizens buy ICO?

ICOs – initial coin offerings – have become a popular advent in cryptocurrency communities. Cryptocurrency enthusiasts in the United States, however, might be more closely associated with a different form of frustration – given that many new ICOs and blockchain projects have refused to cater for US residents.

How does ICO make money?

In the case of an ICO, there are no shares per se. Instead, companies raising funds via ICO provide a blockchain equivalent to a share—a cryptocurrency token. In most cases, investors pay in a popular existing token—like bitcoin or ethereum—and receive a commensurate number of new tokens in exchange.

Is ICO banned in China?

Initial coin offerings (ICO) were banned in China in September 2017. Exchange platforms that traded cryptocurrencies or provided facilitation services were also ordered to be closed following the crackdown on ICO. Many exchanges chose to relocate to jurisdictions that are more favorable to cryptocurrencies than China.

Are ICOs legal in China?

The decree outlaws ICOs, describing them as illegal fundraising. China first banned ICOs in September 2017, a period in which they were extremely popular. At the time, the People’s Bank of China ordered all ICO issuers to cease immediately and refund their investors.

Why can’t Americans participate in ICOs?

Given that certain ICOs may be viewed as securities – and, without registration with the SEC, be deemed unregistered securities – many have taken the stance to preclude soliciting funding from US citizens for fear of attracting unaccredited investors.