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