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Wednesday, April 09, 2014 6:42:05 PM
We completely avoid any of the banking hassles that are still plaguing growers who, because of federal law, still cannot open bank accounts for their businesses (because they are pot based). Instead, we're going to target equipment sales, which have no legal question marks associated with them.
We actually benefit from the low barrier to entry because every new growing operation - whether large-scale, small-scale, good management or bad management - needs growing infrastructure in order to build out their crop.
Large-scale tobacco companies like Altria are already planning how to quickly implement growing operations (and smash the smaller growers) once nationwide policy changes eventually become law. Once that happens, the smaller players will be gobbled up or crushed.
I've spoken in the past about government contracts being a critical spark to get a stock moving. But legalized marijuana takes that up a notch - state governments are actually changing legislation allowing an entirely new industry to light up (pun absolutely intended).
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