RE: I Don’t Care What You Think About Cannabis. Just Check Out These Numbers.
Cannabis is Definitely Coming to America
and, overall, it's going to be a good thing.
The Numbers are Inflated
when you factor in multi-million acre farms coming online. The price of cannabis is going to drop to under $100/lb for commercial quality. And then it's going to drop through the floor. Once worldwide restrictions end (probably another 40 years lol) the USA will probably import the majority of poor quality cannabis for Marlboro quality joints. (there ARE quality tobacco companies and the biggest ones are not in the running)
Recreational Allowances Spur Innovation
because now, in places where 21 and over can work with cannabis freely, innovation is free to happen. Well, free'er anyway. Awesome to see people finding unique ways to gather fresh information together. Personally meeting the people and seeing the company processes is huge. :)
So yeah, bring on the cannabis. The sooner people realize they've been lied to (and worse) for decades, the quicker we can put this era of craziness behind us.
Go Be Awesome!
I agree 100% with you about the prices for cannabis... as more and more growers come on line, the price is going to tank (BTW, it is today in Colorado).
BUT... the revenue is more reflective of actual brands (regardless of how much their product costs them).
Sales of cannabis products are going to continue to go up and with cannabis prices going down, profit margins for the actual companies are going to go up... great news for investors!
Right on the money!