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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????
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