With sales plunging in Colorado and N.M. flat for the last 4 months I see no impetus to buy. The price currently seems fair value imo. Probably dead cat bounce after year end but not sustainable. This industry needs state governance even more so federal. Until then it continues being the wild wild west. All talk and really no show.
No doubt more and more people smoking and eating it but as long as retail sales remain flat or down the illegal market owns it period. With the political climate as it is I hardly doubt anything happens in 2024. With virtually no enforcement the legal businesses are dead on arrival. Wake me up when something actually happens.
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