How long is likely determined by availability of working capital, since product cannot be shipped across state lines under federal law. This provides a potentially outstanding opportunity for Honeywood, because they already owns the formulations and packaging. So it's literally purchasing equipment, bottling supplies, and some distribution contacts. Thats why its likely just a matter of working capital to expand to for profit states like Washington and Colorado. And this product is highly ethical because its genuinely harnessing the medicinal value of cannabis to try to help people with pain and such difficulties like arthritis. Not getting people high or creating problems for peoples' work or careers. If fully legalized nationwide, the recreational/medicinal cannabis market has been estimated at $11 Billion, and to be at the forefront early on with great products, industry contacts, revenue, and ability to expand, has great optionality value. There will be several huge winners and many losers in this space. Objectively speaking, Doc Green's should certainly have a legitimate chance (if managed correctly), to emerge as a real long term player. What is that worth today? 3 years from now? 10 years from now?
Not an exact way of valuing this, but look how the internet stock were valued in the late 1990s and as high as some of those valuations were then, Amazon.com is today many many many multiples of its 2000 highs.
AI
