Excellent overview :) I agree with you wholeheartedly! Take a look at the 1920’s and extrapolate forward to the 2020’s it is a societal pivot that we are witnessing but we have a blueprint. The rise of combustion engines over (real) horse power and the end of alcohol prohibition are now 100 years later the rise of EV/renewables and the end of cannabis prohibition. History repeats and we can benefit by learning it. You are right about cannabis. The flower of high quality will always have a place, beyond that, cannabis will be commoditized and sold by the bushel. You might want to take a look at the canadian plays again. There is finally a market here that will allow access to the plant that has been technically legal for almost 4 years. I would not touch the “big 4” now 3 with a 10 foot pole but a couple of smaller companies have some good potential. Hightide once the dust settles and Aleafia because of their 10 year deal with the union UNIFOR is huge! The US companies have so much crap to deal with that looks like it will take years to get rid of slow them down imo. 280e, descheduling, interstate commerce are all continuous challenges.
Cannabis it the best haven still, it is just the companies outside the US that are making good progress. The Mexican supreme court struck down the law since the legislators took too long to amend it and as I say, the canadian market tho only the size of California, is finally starting to roll. I see another possible hazard in the future of the msos, they are obliged to build assets in each state. The same thing happened in canada with the early movers. They were left with greenhouses and many other things they paid far too much for and they are still writing down at the expense of their share price. There are many opportunities! We must be cautious in our choices. I really like TAAT, Ideanomics, Aleafia, and Khiron at the moment. The only US plays I have at the moment are Hollister and Chalice brands. I find they are reasonably priced and have good prospects
Anything I post is my opinion only and subject to change on a whimsy
