Livewire Ergogenics Inc (LVVV)

[melloyello1963]

Read this in a newsletter yesterday. It also mentioned that producers aren't going to get $1500 an ounce, theres more supply than demand,etc.

"we saw this coming a year ago when we mentioned that California was planning not only a 15% sales tax on cannabis but also a flat $9.25 per ounce tax on flowers and $2.75 per ounce on leaves — no matter the market price!"

Fast-forward to early April, “Cannabis entrepreneurs are anxious about the future of the legal market under California's highly regulated and highly taxed system. Under these conditions, some industry insiders expect the black market will continue to thrive.”

I'm long LVVV, got it in my brokerage account and IRA, but does this news give anyone a reason to doubt LVVV's growth rate?