If there are only a select number of licenses granted in the state then these licenses will increase in value hugely over time. For example a lobster fishing license first issued at less than a dollar is now worth over half a million and higher than that in some zones. Quite a gain. For California with a limited number of licenses and possibly the biggest market in the world then these licenses should quickly climb to be worth way more than the present market cap of SIGO alone.
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