MedMen Enterprises Inc (MMEN)

[oatsuzn]

You mean I must live in one of the other 42 states that haven't legalized adult rec? lol yeah I do. You guys out west seem to forget that most of the country hasn't legalized yet! lol.

The glut is a state market specific issue. Too many licensed cultivators in a small space(the state). Regulators did this to drive out the illegal market. But currently, since weed grown in WA can ONLY be legally sold in WA - hence your low prices and glut.

Once cannabis is legalized nationwide(in some form, medical or adult rec), then interstate commerce can begin(like alcohol and tobacco) and it will be a different story.

Yes, the argument can be made that fancy stores and fancy packaging aren't needed. I guess tell Apple/Starbucks/any fancy wine distributor that...But that's not even the argument I was debating. ATT_for_life made a comment I commonly read on these boards - that all cannabis products are the same and quality won't matter to the consumer so there will be no differentiation in the market. But quality definitely does matter. Taste, smell, effects, organically grown, method of activation(smokable flower, edibles, concentrates, pills etc) does matter. There's a HUGE difference between the Mexican brick weed the cartels push down the pipeline up to the north east and the CA/OR/WA bud that can be gotten out here. Cannabis users search for and prefer anything grown from the west coast and anyone who can successfully receive bud from there AND can verify it's authenticity can pretty much charge a premium and sell out instantly. The only people who routinely buy "regular" weed(reggies) are newbies, teens or people who just don't have the money. This market will be exactly like alcohol/tobacco/coffee etc.