Hi Can Ray, Frankly the cannabis market scares me half to death because of the extreme volatility. In addition, in the US, it is still quite unclear what is going to happen as the Feds are still trying to crack down on any form of transaction while many states are opening up the market for it.
And California and cities local local to me are demanding such high registration fees that the small producers/vendors are in a pinch. There was an article about one person in the SF Chronicle today where it was going to cost over $20,000 to get all his permits and business licenses in place to run what amounts to a car garage size growing facility, and he got an exemption for a bunch of permits because he is small. This means that the large companies. which have big funding available, will be in a better position to handle cannabis and we all know what that means going forward, sort of like a Ponzi scheme. Yeah, some people will make money but not many.
In a way it resembles the cryptocurrency marketplace in that is so volatile it is almost beyond belief. Funny tidbit is that Bitcoin and Erutherum (sp?) are supposedly using so much electricity to create them that the amount is roughly equal to 3 small, poor countries yearly consumption. Yikes!
Best,
Allen
