I put some short sale profits into this ticker and I feel they will restructure and as Vegas expands, so too will the markets for smokers.
Some new approvals for smoking lounges have been approved but the high license fees are knocking out independent investors so the existing stores like MedMen will be opening up the lounges next to, near or add to their existing locations.
When people come to Vegas, they ask the uber or taxi drivers where can they get marijuana. The drivers are paid a tip by the dispensaries when they bring in a new out of town customer to their location.
You cant smoke on the street, in the cab or even at the hotel.
If MedMen moves fast on this lounge approval and raises the tip to the drivers, they would then knock out most strip mall and smaller locations that are not large enough for an internal lounge of the strip mall has no vacancies.
I give this a $.25 share rating soon and then ill close my position unless I see more applications for more lounges I may hold longer. This is a good price to take a position in.
Unlike most scam MJ stocks MEDMED is up, running, in business and making sales. They just need a reset that's all.