On RIGH's Business Prospects
I hear ya, Rabble, but I respectfully disagree.
I feel like this is sort of a "strawman argument", not because of you, Rabble, but because I just don't believe RIGH is a legitimate company with a legitimate service.
But for argument's sake, let's say it is.
Let's use the "liquor" or more broadly, the "spirits" industry as an example. Each liquor store doesn't need to prove the quality of its merchandise- it's done at the "grower" and "bottler" level.
In this age of government regulation (and unquenchable thirst for revenue), demand will come for "seed to store" FDA-verifiable custody chains.
The ultimate quality of the product on the shelves will be tested prior to the "dispensary", or "potteria", or whatever these stores come to be called with ultimate legalization.
Returning to the liquor store analogy, what liquor store owner would want to pay for the testing of every "microbrew" it carries? Hint: rhymes with "nun." Same thing will happen with "dispensaries."
And, again for argument's sake, let's say that lots of small individual "dispensaries" for some bizarre reason DO want to pay for testing of each new strain. Do you REALLY believe that BudGenius.com will be the first-to-market with this service?
One need only look at Leafly.com. (Here's the required disclaimer to avoid charges of "spam"- Leafly.com is a private company, not listed on the open market, and therefore not being "spammed" here.) Have you taken a thorough look at the website?
It already has a thriving relationship with thousands of dispensaries, many in Colorado. If lab testing of strains were to become a desired service, they already have the infrastructure and relationships to integrate such reports almost overnight!
The fact that they HAVEN'T done this yet tells me there is no demand for it.
As for the weedgits, again, explore "that other website." There are already dispensary menus, replete with services, features, strains, reviews, current (today's!) prices, etc. Adding lab test results would be a snap.
So even if I didn't truly believe BudGenius was a sham business, held up for now by Marijuana Market Mania, I think RIGH is predicated on a service for which there is little demand. And little likelihood of demand increasing as the industry matures.
Could someone offer testing services to growers? Sure. But that's a MUCH smaller pie. And likely to get smaller and smaller as the "Budweisers" and "Jack Daniels" of marijuana begin to emerge.
AI
