Blum Holdings Inc (BLMH)

[ThomasAn]

An idea has been floating around that cannabis stocks will NEVER have value, by virtue that they are a cash business and they learned the black market trick of not reporting all their sales. So a number of their transactions will always be invisible (written off as spoiled inventory and such).

This way their books are still correct (since under the table transactions are invisible) but the revenues look lower for tax purposes.

Even if legalized federally, they are better off selling under the table.
If this argument is true then this is a bad sector to own stock. EVER.