Replies to post #19799 on Blue Line Protection Group Inc (BLPG)

[moneybags888]

Flower price shows general health of entire market imho. A barometer so to speak.

[OMOLIVES]

They actually do.....you have to pay attention to what is:

In recent years, several of Colorado’s neighbors have legalized recreational marijuana, including New Mexico in 2021, Montana in 2020 and Arizona that same year.

With weed sales plummeting, career opportunities in the industry are growing scarce. Colorado ranked as the No. 2 state for cannabis job losses in the past year, with more than 10,000 eliminated, according to the Vangst Jobs Report.

As of February, Colorado only occupied the No. 6 spot on the list of America’s top cannabis job markets, with almost 28,000 related positions. It fell behind California, Michigan, Illinois, Florida and Massachusetts.

Earlier this year, marijuana giant Curaleaf shuttered its operations in Colorado, along with California and Oregon. “We believe these states will repreEarlier sent opportunities in the future, but the current price compression caused by a lack of meaningful enforcement of the illicit market prevent us from generating an acceptable return on our investments,” CEO Matt Darin said.

Nationwide, the marijuana industry’s share of real estate acquisitions is taking a hit. Realtors “are seeing a decline in commercial property purchases by marijuana industry-related businesses and a corresponding increase in leasing activity,” the National Association of Realtors reported.

https://www.denverpost.com/2023/05/21/colorado-cannabis-marijuana-weed-dispensaries-downturn/