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Re: StevenRisk post# 20123

Thursday, 05/25/2023 7:36:38 PM

Thursday, May 25, 2023 7:36:38 PM

Post# of 21227
The explosion of dispensary licenses in NM was simply a onetime cash grab by state legislators looking to collect those licensing fees. All the while they were knowing the glut of licenses would create a stifling competitive market that only few would survive. There are many new license holders who are on their way to failure without an organization like SHWZ; that can rely on economies of scale to survive such a harsh business environment. I believe SHWZ can grow by finding assets under stress, they will have lots of options. There will, no doubt, be some gems that are poised to fail since investors jumped in without the wherewithal to handle the cutthroat environment that will be the NM market for at least the next year or so. I think attrition will sort this out and only the strong and smart, like JD & Team SHWZ will thrive. I'll bet Dye is not losing sleep over all of this and is instead, strategizing to capitalize in this market.
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