Tuesday, December 06, 2016 7:45:26 PM
Ok here is where I was going with this and why I think $249 million in revenue is not a stretch. I may have posted this before but wanted some new perspectives in light of recent events...lol.
1) Colorado's factual recreational sales were $996,184,788 for 2015.
2) Colorado's factual taxes collected for 2015 were $135 million.
3) Colorado population as of 2016 is projected to be 5.4 million people.
4) Canada's population as of 2016 is projected to be 36.2 million people.
5) Canopy Growths factual percentage of current Canadian market share is 25%.
Thesis: If you take Colorado' sales as the most Canada will ever do (even though Canada has 7 times the population) and multiply it by Canopy Growths percentage of the market in Canada (even though this does not take into account international investments, possible treatment drugs currently being researched and patented or the money they will make for consulting throughout the world like they are already doing in Australia & Brazil) then they will have annual sales of $249 million minimum per year. AMENDMENT: I formulated this thesis before CGC bought MT and in theory that gives them 50% of the market in canada now so $500 million in sales????
Recent WEED News
- Roundhill Investments Surpasses $2 Billion AUM Milestone • PR Newswire (US) • 09/16/2024 12:30:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM