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Alias Born | 10/18/2018 |
Monday, October 29, 2018 2:43:30 AM
This is a nice resource I stumbled on some time ago while researching US-based pot stocks and thought I'd give a shout-out to the person who put it together, whoever they may be...
https://www.reddit.com/r/USWeedstocks/comments/8vihql/8_us_operators_geographic_footprint_cannaroyalty/
Two of the links he provided are maps of all the stores and facilities currently being operated by various companies in various states around the country...
https://www.mapcustomizer.com/map/170807-US-OPERATORS-CURRENT
and another map shows both current and proposed facilities...
https://www.mapcustomizer.com/map/170807-US-OPERATORS
I can't vouch for the accuracy or the timeliness of these maps but it sure is an impressive effort by the author.
Reading local Michigan newspapers seems to indicate that most/all of the medical MJ licenses they have issued have gone to small privately-owned local businesses and to my knowledge no publicly-traded company is currently operating there...nor are any indicated by the above maps. BTW, as you likely already know these dispensaries only made their first sales just a few days ago...
https://www.mlive.com/news/index.ssf/2018/10/medical_marijuana_industry_see.html
FYI, I wasn't planning to go long for any length of time on MedMen, if at all. I have come across them many times while researching other pot stocks and have read some good things and some not-so-very-good things about them, but I just haven't yet done enough DD on them specifically to decide for myself.
The reason why I asked you about MedMen & Michigan is that with the elections coming up next week and several marijuana referendums in 4 different states on the ballot I was toying around with the idea of perhaps making some real quick swing trades that might prove profitable depending on the voting results, and Michigan is one state that will be voting on legalizing recreational MJ. I thought if MedMen really did already have a number of medical MJ stores operating there then should the MI voters approve recreational pot as well then perhaps we might possibly see a nice little brief pop in their stock price that a guy could conceivably make a quick profit on it as a result...especially since it seems MedMen is currently the most shorted stock in the entire sector...
https://www.fool.com/investing/2018/10/21/heres-which-marijuana-stocks-investors-are-betting.aspx
But as I suspected this purely speculative play appears to be null and void so I guess I'll just move on to a few other ideas I'm mulling over. Thanks again for your input...much appreciated.
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