It takes a LOT of money to expand with new licenses and facilities and many years to turn a profit on those investments. Then you have to factor in there are a lot of evil people who would like to see you fail only to scoop up the pieces for pennies on the dollar. GLD can't survive without a merger with another company. All smaller cannabis companies will have to merge and grow to survive what's to come.
Best of luck to all GLD shareholders. I hope all of you make money here.