Forian Inc. (FORA)

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Likely good news on the horizon!

Perhaps I am being too optimistic, but looking at the cannabis trends how companies have been growing and the big news on Dutchie's funding and acquisitions, I think Forian is about to look a lot more appealing. These are thought children, so if you have any ideas that add to or counter these, please share!

1. Dutchie is not yet publicly traded, so folks are going to start getting in on similar cannabis tech action.

2. NY just (finally) announced recreational cannabis legalization which requires a large expanse in the industry. This is a state where it seems BioTrack not only has the government contract but over 90% of the current market on commercial platforms. That number might be wrong, but I saw a pretty recent article that said as much.

3. NM, also just announced full legalization. BioTrack already has their government contract too. I don't know their current hold on the commercial system market, but there was an article from MJ Biz Daily that said it was close to 70% in 2019.

So I think they will get a big boost in revenue from commercial system expansions and government contract money. Right now their contracts are for medical systems, with the timelines those will have to get expanded in scope. I can't imagine all that added work won't lead to a big bump in contract fees.

Maybe I'm spitballing, but I was laying in bed this morning thinking about it and thought I'd post.