InvestorsHub Logo
Followers 4
Posts 883
Boards Moderated 0
Alias Born 03/06/2014

Re: None

Monday, 12/16/2019 10:27:22 PM

Monday, December 16, 2019 10:27:22 PM

Post# of 1753
"Lynn said about 50 million drug tests are conducted each year. He believes the market for a THC breathalyzer may be worth well above $10 billion annually."

https://www.governing.com/news/headlines/Weed-Breathalyzer-May-Reassure-Policymakers.html

If Lifeloc can capture just 1% of the THC breathalyzer market over the next couple years, it would bring in additional revenue of $100 Million.
At 10% of the THC breathalyzer market, it would bring in additional revenue of $1 Billion. To capture 10% of a market that has very limited competition is completely within reach.

That's why the creation of the first THC breathalyzer is such a big deal. A company can capture and have a monopoly on the entire cannabis breathalyzer sector. In theory, that could lead to billions in revenues and profits. A similar comparison would be Taser and what they were able to accomplish.

If Lifeloc happens to create a working THC breathalyzer it will trade upwards of $100/share with ease. I know that's hard to imagine when it's trading at less than $5.00/share now, but if we start to get things lined up, magic will happen. And that magic will be some of the greatest ever seen.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LCTC News